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Bitcoin trades around $84,000 after profit booking as rising US Treasury yields pressure crypto markets
Rising Treasury yields, profit-taking and oil-driven risk aversion pushed bitcoin lower as spot ETF inflows and options positioning pointed to more volatility.
Bitcoin retreated to roughly $83,000 on Monday after rallying to $87,392 on September 21, consolidating as rising U.S. Treasury yields and oil prices pressured risk assets.
Geopolitical tensions over the Strait of Hormuz intensified after President Donald Trump rejected Iran's ceasefire proposal, while the 10-year Treasury yield climbed toward 5.1% and Brent crude approached $108 per barrel.
Spot Bitcoin ETFs attracted roughly $2.39 billion in net inflows from September 21 through September 25, though daily inflows declined from $999 million Monday to $134.5 million Friday as demand eased.
Wallets holding 100–1,000 BTC accumulated 113,950 BTC since July 15, increasing combined holdings to roughly 5.24 million BTC while Bitcoin consolidated between $83,500 and $85,000.
Traders await the August Personal Consumption Expenditures index today and September nonfarm payrolls on October 2, which will determine if Bitcoin reclaims the mid-$80,000s or if yields keep risk assets pressured.
<p>Bitcoin has lost momentum after a rapid rise - which are predictions for the cryptocurrency Bitcoin has fallen by 2.3% to $82,568 amid macroeconomic uncertainty. At the same time, Bitcoin ETFs have raised a record $2.4 billion for
week.</p>