Bitcoin trades around $84,000 after profit booking as rising US Treasury yields pressure crypto markets
Rising Treasury yields and profit-taking pushed Bitcoin lower as traders watched whether $82,500 can hold as support, analysts said.
- Bitcoin fell toward $83,000 on Monday, retreating from weekly highs near $87,400 as rising U.S. Treasury yields and higher oil prices pressured risk assets.
- The Federal Reserve raised interest rates 25 basis points to 3.75%–4.00% on September 16, while the Senate rejected the Digital Asset Market CLARITY Act on September 15, marking twin policy shocks.
- U.S. spot Bitcoin ETFs recorded roughly $2.39 billion in net inflows from September 21 through September 25, while large wallets accumulated 113,950 BTC since July 15, signaling sustained institutional confidence.
- Geopolitical tensions involving Iran and the Strait of Hormuz pushed Brent crude toward $100 per barrel, amplifying risk-off sentiment as Treasury yields near 2007 levels weigh on digital assets.
- Markets brace for today's August Personal Consumption Expenditures index and nonfarm payrolls on October 2, as analysts identify $82,000 as critical support Bitcoin must defend against deeper declines.
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Bitcoin has returned to near $83,000, losing some of last week’s gains, when the price was around $87,000. According to an analysis published by XTB on October 1, the cryptocurrency market is facing a more challenging phase, while demand in the spot market is still not keeping pace with ETF purchases and activity in the derivatives market. The strengthening US dollar and rising bond yields have put pressure on Bitcoin, although so far their impa…
Bitcoin ETFs Draw $2.4 Billion as Price Stalls 34% Below Record High
U.S. spot Bitcoin ETFs absorbed $2.39 billion last week, the largest inflow since October 2025, flipping 2026 flows positive. Bitcoin still trades near $84,000, well below its $126,000 record, as yields and regulation cap the rally.
Bitcoin testing highs above $84,000 again, can this rally sustain? Here's what experts say investors should watch for...
Bitcoin price increased by 1.59% to $84,355.66, nearing its recent record high. The crypto market cap rose to $2.89 trillion. Analysts highlight that upcoming macroeconomic data points could influence further movements. Here's what investors should watch for…
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