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Bitcoin (BTC) Posts Biggest Weekly Loss in Five Months as Dollar (USD) Liquidity Declines, Debt Ceiling Fears Resurface

The leading cryptocurrency by market value fell by 9% to $27,600, registering its largest single-week percentage loss since early November, according to data from TradingView and CoinDesk. The yield on the 10-year U.S. Treasury note rose by six basis points (bps) to 3.58%, its second straight weekly gain, denting the appeal of risk assets, including cryptocurrencies.

www.coindesk.com

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