Bitcoin risks dropping below $80K as Treasury yields rise and ETF outflows weigh
- —US spot Bitcoin ETFs saw about $679 million in net outflows last week, the largest since late June
- —Bitcoin fell 3.2% over the week, Ethereum dropped 7% and altcoins lost 2.9%
- —BTC holds above its 50-, 100- and 200-day EMAs at $80,369, $76,641 and $75,685
- —RSI sits near 53 while MACD remains below zero at about -445.81, signaling weak momentum
Why it matters: A sustained Bitcoin recovery hinges on stabilizing long-term Treasury yields and a return to positive spot ETF flows, with Wednesday's US CPI report as the next key catalyst.
Source: Cryptonews.net
More on this
Markets · 06:35Bitcoin stalls at $84,000 as strong dollar and rising US yields weigh on risk assets
Markets · Oct 12Bitcoin holds near $83,600 as ETF outflows and geopolitical risks weigh
Markets · 06:37Wintermute: Rising Treasury yields pressure Bitcoin as equities ride earnings strength