Bitcoin Trades Around $84,000 After Profit Booking as Rising US Treasury Yields Pressure Crypto Markets
7 Articles
7 Articles
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…
Bitcoin trades around $84,000 after profit booking as rising US Treasury yields pressure crypto markets
Bitcoin traded near $84,000 following profit-booking from recent highs as surging US Treasury yields pressured risk assets. Despite intraday volatility and $80 million in long liquidations, consistent ETF inflows, whale accumulation, and key support levels suggest underlying demand for BTC remains firm amid ongoing macroeconomic headwinds.
BTC Drops Below $84K as Treasury Yields Reach a 19-Year High
Bitcoin fell below $84,000 as US Treasury yields reached their highest level since 2007. Rising rate hike expectations increased pressure on Bitcoin and other major cryptocurrencies. Traders are watching $82,833 and $81,000-$82,000 as key support zones. Bitcoin faced fresh selling pressure Thursday as rising Treasury yields unsettled financial markets. BTC slipped below $84,000 during Asian trading hours. The decline pushed prices toward $83,200…
Why Bitcoin Reacts More to Macro Than It Did Before 2020
Bitcoin’s latest reaction to rising Treasury yields fits a pattern that researchers have tracked since 2020. Bitcoin traded below $84,000 on September 24 as US government bond yields reached multi-decade highs. The 10-year Treasury yield touched 5.145%, while the 30-year yield moved above 5.44%, its highest level since 2004. Strong US economic data and higher […] Read The Full Article Why Bitcoin Reacts More to Macro Than It Did Before 2020 On C…
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Cryptocurrency News | Cryptocurrency Prices | Market CapBitcoin Falls Back Below $85K As Treasury Yields Jump Above 5%
TL;DR Bitcoin fell below $85,000 after stronger U.S. business data pushed Treasury yields higher. S&P Global’s flash U.S. Composite PMI rose to 58.4 in September, the strongest reading since July 2021. The move shows how quickly Bitcoin’s recent rebound can be challenged when markets price in tighter monetary policy. Bitcoin’s rebound has run into a familiar obstacle: rising interest rates. BTC fell back below $85,000 as U.S. Treasury yields cli…
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