Bitcoin trades around $84,000 after profit booking as rising US Treasury yields pressure crypto markets
Bitcoin traded near $84,000 following profit-booking from recent highs as surging US Treasury yields pressured risk assets. Despite intraday volatility and $80 million in long liquidations, consistent ETF inflows, whale accumulation, and key support levels suggest underlying demand for BTC remains firm amid ongoing macroeconomic headwinds.
Key Takeaways
- Bitcoin traded near $84,000 following profit-booking from recent highs as surging US Treasury yields pressured risk assets.
- Despite intraday volatility and $80 million in long liquidations, consistent ETF inflows, whale accumulation, and key support levels suggest underlying demand for BTC remains firm amid ongoing macroeconomic headwinds.
- Full details and original dispatch available below.
Bitcoin traded near $84,000 following profit-booking from recent highs as surging US Treasury yields pressured risk assets. Despite intraday volatility and $80 million in long liquidations, consistent ETF inflows, whale accumulation, and key support levels suggest underlying demand for BTC remains firm amid ongoing macroeconomic headwinds.
Original Publisher Attribution
This summary was curated from Economic Times.