BTC trades in $61.5K-$66.9K range for sixth week as bond yields surge

BTC has traded in a $61,500-$66,900 range for a sixth straight week since July 8, with a sharp rise in global government bond yields seen as a key drag on the market. CoinDesk said the yield on the U.S. 30-year Treasury briefly hit 5.333%, the highest level in around 20 years, while long-term yields in Japan, Germany and France also reached levels not seen in decades. The market is also watching the Federal Reserve’s July FOMC minutes due later today for clues on the future rate path.