🟠 1. Bitcoin under pressure near $85,000
Bitcoin is trading around the $85,000 level today after falling about 0.6%, as the dollar and U.S. Treasury yields have become some of the market’s most influential factors. The pressure follows a rise in the prices-paid index in the U.S. services sector, reviving some concerns about inflation and higher interest rates. �
$BTC
Most importantly, Bitcoin is still about 32% below its all-time high of nearly $126,000, but the current decline is less severe than in some previous downturns. �
$ETH
Bottom line: The market is waiting for a strong catalyst; interest rates, the dollar, and ETF flows will remain key factors in the coming days.
Bitcoin is trading around the $85,000 level today after falling about 0.6%, as the dollar and U.S. Treasury yields have become some of the market’s most influential factors. The pressure follows a rise in the prices-paid index in the U.S. services sector, reviving some concerns about inflation and higher interest rates. �
$BTC
Most importantly, Bitcoin is still about 32% below its all-time high of nearly $126,000, but the current decline is less severe than in some previous downturns. �
$ETH
Bottom line: The market is waiting for a strong catalyst; interest rates, the dollar, and ETF flows will remain key factors in the coming days.