India, Aug. 18 -- Bitcoin is holding on to overnight gains of close to a percent even as sentiment in crypto markets remains mixed amidst a surge in bond yields and a spike in crude oil prices globally. Sentiment in Wall Street has been impacted by the massive spike in long-dated bond yields. Amidst an overnight decline of 0.34 percent in Ethereum, the overall crypto market capitalization has added 0.4 percent overnight. The resumption of inflows to U.S.-listed Bitcoin Spot ETF products supported sentiment.
Thirty-year sovereign bond yields in the U.S. touched a high of 5.335 percent, amidst inflation jitters and worries about massive bond issuances by AI companies. The spike in yields to levels last seen in 2007 has impacted sentiment in ...