Bitcoin Falls Toward $83,000 as Bond Yields Rise
$BTC came under pressure on September 24 as rising U.S. Treasury bond yields weighed on cryptocurrency markets. Bitcoin fell to around $83,000, giving back some of its recent gains. �
CoinDesk +1
A major factor behind the move was the rise in the 10-year U.S. Treasury yield, which reached its highest level since 2007. Higher bond yields can make traditional fixed-income investments more attractive and can put pressure on riskier assets such as cryptocurrencies. �
CoinDesk
Other major cryptocurrencies also moved lower during the market decline. $ETH , $XRP and Solana were among the assets affected as broader market pressure increased. �
CoinDesk
For now, traders are closely watching Bitcoin's price and developments in U.S. interest-rate expectations. The market remains sensitive to changes in bond yields, the U.S. dollar and economic data.
*This article is for general information and not financial advice.*#BinanceWillListHyperliquid(HYPE) #FedOctoberRateHikeOddsRiseTo69.7% #BitcoinFallsBelow$83,000 #BitcoinFallsToAround$84,600ThisWeek #US30YearYieldHighestSince2004
