Bitcoin trades around $84,000 after profit booking as rising US Treasury yields pressure crypto markets
Altcoins also fell as traders cut leverage and negative funding rates showed bearish positioning across major exchanges.
78 Articles
78 Articles
Bitcoin Faces $85,000 Resistance Hurdle As Bond Yields Keep Surging
Bitcoin (BTC) reversed its latest gains after Tuesday’s Wall Street open as US bond yields continued to set multidecade highs. Key points: Bitcoin abandoned a low-time frame rebound after reaching $84,450, dipping back below $83,000. US bond yields set new multidecade highs on Tuesday as gold sought to recover from a 3.6% drop to $4,115 […]
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Bitcoin, having surpassed $84,000 following a recent surge, is continuing to consolidate with a slight decline. According to CoinMarketCap, a virtual asset market data platform, on the 28th, the price of Bitcoin recorded $84,402, down 0.03% from the previous day. Ethereum, the second-largest by market capitalization, is trading at $2,686, down 0.27%, while XRP is trading at $1.51, down 0.92%. In the market, the recent short-term surge
The bitcoin falls on Friday (25), at $83,000, but it came to be negotiated above $84,000 this morning. The movement even occurs with a pause in the high interest rate on American bonds and a new fall in oil, reducing part of the pressure that hit the risk assets in the last few days. At around 11:00, the bitcoin fell 0.2%, to $83,854.36, with the most consolidated downward movement in the last hour, according to CoinGecko. In Brazil, the cryptoc…
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