Bitcoin trades around $84,000 after profit booking as rising US Treasury yields pressure crypto markets
Rising Treasury yields and Iran-linked oil risks pressured crypto as Bitcoin’s open interest fell to 650,000 BTC and funding rates turned negative, traders said.
- Bitcoin fell to $83,000 on Monday, retreating from a weekly high near $87,000 after rising 10-year Treasury yields and higher oil prices pressured risk assets.
- Geopolitical tensions regarding the Strait of Hormuz drove the selloff after President Donald Trump rejected Iran's latest terms, pushing Brent crude toward $108 a barrel.
- Spot Bitcoin ETFs attracted roughly $2.39 billion in net inflows last week, while large-wallet holders accumulated 113,950 BTC since July 15, providing institutional support beneath price volatility.
- Bitcoin must retain $82,500 support to confirm its inverse head-and-shoulders reversal, analyst Rekt Capital said, or risk falling back into its $60,000–$80,000 range.
- Markets now focus on the August Personal Consumption Expenditures index on Wednesday and September nonfarm payrolls on Friday, which will determine if Bitcoin reclaims mid-$80,000s.
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79 Articles
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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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