Bitcoin drops below $84,000 as strong US PMI lifts Treasury yields
- —US composite PMI rose to 58.4 from 56.0, the fastest since July 2021
- —10-year Treasury yield climbed to 5.058% after the data
- —BTC slid from $87,000 on Binance to below $84,000 within an hour
- —Input costs rose at the fastest pace since October 2022 on fuel and transport
Why it matters: Rising Treasury yields pressure bitcoin as a non-yielding asset; final PMI prints on October 1 and 5 will shape the next move.
Source: BeInCrypto CN