While the S&P 500 and Nasdaq 100 set new all-time highs above 7,800, BTC fell back to the $85,000 range — diverging from the traditional risk-on rally.
Macroeconomic ripples
The 10-year U.S. Treasury yield rose to nearly 5.35% (a 24-year high), and $90 million in outflows from spot BTC ETFs on October 5 weighed on crypto market sentiment, despite the strong rally in equities.
Macroeconomic ripples
The 10-year U.S. Treasury yield rose to nearly 5.35% (a 24-year high), and $90 million in outflows from spot BTC ETFs on October 5 weighed on crypto market sentiment, despite the strong rally in equities.