Bitcoin
and other cryptocurrencies were lower Thursday as investors’ appetite for risk faded across markets and bond yields surged to new multi-year highs.
The price of Bitcoin has fallen less than 1% over the past 24 hours to $19,100. The largest crypto briefly fell below the key $19,000 level, but bounced back to return to the $19,000 to $20,000 trading range in which it has held since early September amid an uncharacteristic lack of volatility.