Bitcoin Looks Indecisive After Sell-off in Bonds, Tech Stocks
The largest cryptocurrency has failed to hold above $50,000 amid a downdraft in traditional markets.
The volcanos, situated in Cameroon, Chile, Colombia, Ecuador, Guatemala, Indonesia and Mexico, were selected based on "the significant humanitarian threat they represent."
The Federal Reserve has strengthened bitcoin's appeal as an inflation hedge, opening doors for a continued price rally.
About 87% of bitcoin's performance was delivered while the U.S. 10-year bond yield has been rising, one observer said.
Brad Hintz, a former star Sanford Bernstein analyst, Morgan Stanley treasurer and Lehman Brothers CFO, explains the risks in the fine print.
Federal Reserve chairman Jerome Powell is expected to address rising bond yields later on Thursday.