CRYPTO MARKET NEWS | Oct 6, 2024 • 14:32 UTC
Bitcoin Rises Above $86K as Oil Prices and Treasury Yields Retreat
BITCOIN:
$86,042 -0.2% — down 0.2% after rejection near $87,000
KEY LEVELS:
• Support: $84,000 — break could put $80,000 in play
• Recent Low: $83,000
• Resistance: $87,000 — rejected earlier today (3rd time since Sept 23)
ALTCOINS:
ZEC +2% (Zcash $29.14)
DOGE -2% (Dogecoin $0.1084)
SOL -1% (Solana $142.67)
MACRO:
OIL: Below $100 /bbl — Oil retreating ~ $97.80/bbl
TREASURY YIELDS: Yields Retreat — 10-Year Treasury retreated from highest level since 2002
FED WATCH: Fed meeting minutes on Wednesday awaited — traders watching for rate path clues
$BITCOIN $BTC #Crypto #Markets #Fed #Oil #TreasuryYields #Altcoins #BinanceNews
Bitcoin Rises Above $86K as Oil Prices and Treasury Yields Retreat
BITCOIN:
$86,042 -0.2% — down 0.2% after rejection near $87,000
KEY LEVELS:
• Support: $84,000 — break could put $80,000 in play
• Recent Low: $83,000
• Resistance: $87,000 — rejected earlier today (3rd time since Sept 23)
ALTCOINS:
ZEC +2% (Zcash $29.14)
DOGE -2% (Dogecoin $0.1084)
SOL -1% (Solana $142.67)
MACRO:
OIL: Below $100 /bbl — Oil retreating ~ $97.80/bbl
TREASURY YIELDS: Yields Retreat — 10-Year Treasury retreated from highest level since 2002
FED WATCH: Fed meeting minutes on Wednesday awaited — traders watching for rate path clues
$BITCOIN $BTC #Crypto #Markets #Fed #Oil #TreasuryYields #Altcoins #BinanceNews