High Alert
CryptoSlate

Bitcoin traders bet borrowed money on a rally as oil surges ahead of Friday’s inflation test

Bitcoin traders bet borrowed money on a rally as oil surges ahead of Friday’s inflation testWorldPing

Bitcoin is holding above $78,000 as Brent crude breached $100 and rising Treasury yields revived inflation fears.

This is a short WorldPing brief. The full report was published by CryptoSlate.

Read the full report at CryptoSlate

More coverage: all crypto & markets news on WorldPing.

Related news

You can borrow against Bitcoin without selling it, but there’s a catchWorldPing
CryptoSlate

You can borrow against Bitcoin without selling it, but there’s a catch

Bitcoin holders who need cash do not necessarily have to sell their BTC. They can borrow against it instead, keeping exposure to Bitcoin while using its value as collateral for a loan. The complication is that the loan they want may exist on another network.

Brief by WorldPing · Original reporting by CryptoSlate