Bitcoin holds near $85K despite record US stock highs and rising yields
- —BTC trades near $85,000 while US stocks set new all-time highs
- —Bitcoin has closed above its 50-week moving average for weeks
- —Oil trades near $100 a barrel as bond yields keep rising
- —Former ECB official Lorenzo Bini Smaghi urged a pause in QT
Why it matters: Sustained closes above the 50-week average point to a possible bull-market shift, while a QT pause in Europe could add liquidity to risk assets.
Source: Newsbit