Bitcoin hits low in one week as rising US yields slows

SINGAPORE, Jan. 11 (Reuters) – Cryptocurrencies plunged on Monday as bitcoin fell more than 12% to its lowest level in a week as rising US yields largely pushed the dollar up and hurt non-assets. paid.

Bitcoin fell to $ 33,447, its lowest since Jan.6. Ethereum, which often moves in tandem with bitcoin, fell 20% to a week-long low of $ 1,007.51. (Reporting by Tom Westbrook; Editing by Himani Sarkar)