Bitcoin Trades Around $84,000 After Profit Booking as Rising US Treasury Yields Pressure Crypto Markets

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…

Bitcoin Falls Below $85K as 10-Year Treasury Yield Holds Above 5%

Bitcoin traded at $84,206.03 on Sept. 25 after the 10-year Treasury yield reached 5.11% and U.S. business activity strengthened.

Bitcoin 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…