🚨 BREAKING NEWS: Bitcoin price fails to break higher after best weekly close in eight months

Bitcoin’s highest weekly close in eight months formed low-timeframe resistance at the start of Monday’s US trading session.

Bitcoin (BTC) fluctuated around $86,000 after Monday’s Wall Street open as US bond yields continued to rise.

Data from TradingView showed BTC/USD struggling to move beyond its weekly open level near $86,500 after the highest weekly close since late January.

US bond yields, already under scrutiny, headed higher on the day. The 30-year yield passed 5.67% once again, just two basis points below 24-year highs seen last week. The 10-year yield returned to 5.31%, with last week’s high at 5.34%.

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📰 Nguồn: 🪙 CoinTelegraph

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