FBTC.TO is trading at CA$35.00, down 3.05%, following weakness in Bitcoin and the broader cryptocurrency market.
- Bitcoin began September lower, slipping below US$78,000, as rising Japanese bond yields, higher oil prices, and increased expectations of a September Federal Reserve rate hike pressured risk assets.
- Middle East tensions and renewed inflation concerns fueled broader risk aversion, while the S&P 500, Nasdaq Composite, and Dow Jones also fell.