Bitcoin Holds Near $84K as Treasury Yields Stay at Multi-Year Highs
- —BTC near $84,000: up 0.9% on the day, down 2% on the week
- —Spot Bitcoin ETFs have drawn inflows for eight straight sessions, about $3 billion total
- —10-year Treasury yield peaked at 5.274%, the highest since June 2007
- —Odds of an October Fed hike rose to 70.3% from 55.4% a week ago
Why it matters: Rising Treasury yields and Brent above $100 are capping Bitcoin's upside, but steady ETF inflows keep it range-bound between $82,000 and $84,000.
Source: Decrypt