Bitcoin Wavers Near $86K as Rising Treasury Yields Curb Rally
- —Bitcoin trades near $86,000, capped below the weekly open of $86,500
- —US 30-year Treasury yield tops 5.67%, 10-year rises to 5.31%
- —S&P 500 and Nasdaq opened up 0.5% and 0.7%
- —Glassnode says upside momentum is fading without reversal signals
Why it matters: Bitcoin's next move hinges on Treasury yields and the FOMC minutes due October 8, with resistance at $86,500 and $87,570.
Source: Digital Today
More on this
Markets · Oct 2Bitcoin Holds Near $86K as Wall Street Returns Despite 5% Treasury Yields
Markets · yesterdayBitcoin Holds Near $86K as ETF Inflows Return, Fed Pause Bets Rise Ahead of Midterms
Markets · Sep 23Bitcoin Hovers Near $86K as Rally Narrows and Bearish Derivatives Signals Mount