| \u200b\u200b$11.36<\/td>\n<\/tr>\n<\/table>\n See Also: How To Buy Bitcoin (BTC)<\/p>\n Why It Matters: Yields on U.S. benchmark 10-year Treasury bonds rose to 2.38% on Tuesday, which is the highest level since 2019, according to a report from Reuters. <\/p>\n As of Tuesday, the market is pricing in a 72.2% probability that the U.S. Federal Reserve will raise the fed fund rate 50 basis points in its May meeting. On Monday, this number stood at a little over 50%, according to Reuters.<\/p>\n U.S. equities markets closed higher on Tuesday. The S&P 500 was up 1.13% at 4,511.61, while the Nasdaq ended the day 1.95% higher at 14,108.82. At press time, U.S. futures traded largely flat.<\/p>\n Cryptocurrency bears remained frustrated on Tuesday as the market was buoyant alongside equities. <\/p>\n The buy-side demand for Bitcoin appears to be driven by the United States and the European Union markets, while the majority of sell-side pressure originates during Asian trading hours, according to a note from Delphi Digital.<\/p>\n The geographical story has remained consistent from 2020 to 2022. Currently, Europe is providing the largest bid support, as per Delphi Digital. Conversely, Asia has sustained a heavy sell-side dominance since December 2021.<\/p>\n \nBitcoin US\/EU Month-Over-Month Price Change \u2014 Courtesy Delphi Digital <\/p>\n \nBitcoin Asia Month-Over-Month Price Change \u2014 Courtesy Delphi Digital<\/p>\n Cryptocurrency investor Lark Davis tweeted that the price of Bitcoin has now been under the 200-day moving average for longer than the big correction seen in 2021. <\/p>\n | ![\"Bitcoin,](\"https:\/\/i-invdn-com.investing.com\/news\/LYNXMPEB230DM_L.jpg\")