Bitcoin breaks $80,000 amid fuel crisis and rising US Treasury yields
- —BTC rose 6% to $81,034, with ~$250 million in shorts liquidated over 4 hours
- —WTI crude rebounded to $98, Hormuz shipments fell by 13.1 million barrels per day
- —30-year US Treasury yields reached 5.34% (+90 bps)
- —BTC reclaimed the True Market Mean of $76,660 and the ~$80,500 company cost basis
Why it matters: Holding above $80,500 would reinforce the recovery, but $82,000 is the key level: another rejection risks a double reversal.
Source: Crypto Economy
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