Bitcoin Holds Short-Term Uptrend as U.S. Treasury Yields Cool
Bitcoin (BTC) climbed above $84,000 as U.S. Treasury yields pulled back after reaching their highest levels in decades.
TradingView data showed BTC up around 0.6% over 24 hours, maintaining a pattern of higher lows on the one-hour chart. The recovery came as the 10-year Treasury yield, which had climbed as high as 5.342% — its highest level since April 2002 — eased back to around 5.251%.
Pressure on the bond market emerged amid investor concerns over government debt, inflation and rising oil prices linked to geopolitical tensions. Higher Treasury yields typically weigh on risk assets such as Bitcoin.
Conversely, the pullback in yields is helping $BTC hold key price levels. CoinGlass data showed liquidity concentrated around $84,500 and $82,900, while Rekt Capital warned that Bitcoin could retest the $82,500 area. Holding that level could be important for maintaining its short-term bullish structure.
Over the previous 24 hours, total Bitcoin liquidations stood at only around $25 million, suggesting the market remained relatively balanced rather than experiencing a major leveraged unwind.
Bitcoin (BTC) climbed above $84,000 as U.S. Treasury yields pulled back after reaching their highest levels in decades.
TradingView data showed BTC up around 0.6% over 24 hours, maintaining a pattern of higher lows on the one-hour chart. The recovery came as the 10-year Treasury yield, which had climbed as high as 5.342% — its highest level since April 2002 — eased back to around 5.251%.
Pressure on the bond market emerged amid investor concerns over government debt, inflation and rising oil prices linked to geopolitical tensions. Higher Treasury yields typically weigh on risk assets such as Bitcoin.
Conversely, the pullback in yields is helping $BTC hold key price levels. CoinGlass data showed liquidity concentrated around $84,500 and $82,900, while Rekt Capital warned that Bitcoin could retest the $82,500 area. Holding that level could be important for maintaining its short-term bullish structure.
Over the previous 24 hours, total Bitcoin liquidations stood at only around $25 million, suggesting the market remained relatively balanced rather than experiencing a major leveraged unwind.