Bitcoin slips as rising global bond yields curb risk appetite

Bitcoin edged lower in Tuesday trading, extending its losses for a second consecutive session as higher global bond yields weighed on appetite for riskier assets.

The cryptocurrency’s modest decline came as investors showed less willingness to take on risk against a backdrop of rising yields in bond markets worldwide.

Higher bond yields can make interest-bearing investments more attractive, increasing competition for investor funds and reducing the appeal of assets such as cryptocurrencies.

Tuesday’s move left Bitcoin under continued pressure, with the shift in risk appetite shaping the tone of trading.