ONDO leads altcoin gains as Bitcoin holds near $84,000
- —US September flash composite PMI hit 58.4, the strongest since July 2021
- —10-year Treasury yield climbed to about 5.11%, a level last seen in 2007
- —Bitcoin traded between roughly $83,200 and $87,000, with total market cap swinging 2-3%
- —ONDO traded between $0.42 and $0.50, outpacing most altcoins
Why it matters: Rising Treasury yields pressure risk assets, but Bitcoin's resilience and demand for tokenized real-world assets are lifting altcoins with institutional narratives.
Source: Crypto Briefing