Bitcoin trades around $84,000 after profit booking as rising US Treasury yields pressure crypto markets
Rising Treasury yields and softer ETF demand are pressuring Bitcoin as traders trim risk after a rally, while altcoins and futures open interest also ease.
- On Monday, Bitcoin fell toward $83,000, retreating from last week's high near $87,000 as rising Treasury yields and elevated oil prices pressured risk assets across markets.
- The Federal Reserve raised its target rate to 3.75%–4.00% on September 16, while the Senate rejected the CLARITY Act on September 15, setting the stage for heightened market volatility.
- Despite the pullback, institutional confidence persists; wallets holding 100–1,000 BTC accumulated 113,950 BTC since July 15, while spot Bitcoin ETFs drew nearly $2.39 billion in inflows through September 25.
- President Donald Trump rejected Iran's conditions for reopening the Strait of Hormuz, pushing Brent crude toward $108 a barrel and amplifying geopolitical risk in already-pressured markets.
- Key economic releases on September 30 and October 2 will determine whether Bitcoin holds the $80,000 support or faces deeper correction amid elevated yields.
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83 Articles
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