Key points Bitcoin fell below $84,000 as the US 10-year Treasury yield reached its highest level since 2007. An analyst put the odds of an October Fed hike above 70% as the Treasury prepared a bond buyback of up to $6 billion. Bitcoin has closed September higher for three straight years, while October has averaged
Bitcoin BTC$84,120.99 has long made investors pay for its bull markets with brutal crashes, but that trade-off may finally be changing. The crypto asset fell roughly 55% from its October 2025 peak during its most recent bear cycle. That would qualify as a historic collapse in most markets, but for bitcoin, it was relatively tame
As global bond yields rise, the usual narrative frames it as bearish for bitcoin $BTC$83,262.77 . Yet over most of $BTC’s history, the asset has shown little to no consistent correlation with bonds. Yields snapped back into focus Wednesday. The U.S. 10-year jumped 15 basis points to its highest level since 2007, topping 5.13%, and
Jack Yi, founder of LD Capital, stated that Bitcoin (BTC) is facing strong resistance around the $86,000 level, suggesting that profit-taking on long positions could be considered in this region. Yi stated that if Bitcoin reaches that level, it might be appropriate to close long positions and realize profits. The LD Capital founder noted that
A week of AI-assisted coding has brought the estimated GPU cost of preparing a quantum-resistant bitcoin transaction down to $66 from about $320, according to StarkWare, the company behind the research. The earlier figure came from a transaction mined on Bitcoin in August. Preparing it took roughly 3,100 hours of computing time across a fleet
Bitcoin holders are currently realizing profits, with approximately $5.1 billion net profit recorded over the past week, according to a recent tweet by @glassnode. However, the amounts remain relatively low, suggesting that traders are cautious and not aggressively cashing out. This trend may impact overall market sentiment and trading strategies moving forward. Inside the Move
Bitcoin is making waves in the market as over 75% of its supply is now in profit, a crucial threshold that influences trader sentiment. This insight was shared by the crypto commentator @bitfinex, indicating that the current rally is an important signal for the market. If the upcoming correction maintains this profit level for most
BlackRock’s spot Bitcoin exchange-traded fund saw over $1 billion in four consecutive trading sessions as investors continued to get exposure to Bitcoin through the ETF. The inflows continued even as Bitcoin later fell from above the $87,000 price level, which suggests that demand through regulated funds remains strong despite the short-term profit-taking that was seen.
Bitcoin ($BTC) has shed 2.06% in value in the day, missing the $87,000 resistance line and pulling back to $84,425 at press time. Other than rising speculations of increased aggressiveness in the Middle East conflict, the drop is also a short-term consequence of the recent hike in US government bond yields. Bitcoin drops amid spike
Bitcoin fell below $85,000 on Sept. 23 after stronger-than-expected US business activity sent Treasury yields higher and flushed leveraged longs. The reversal broke the momentum behind a rebound that had accelerated as Bitcoin pushed through a large concentration of short positions earlier this week. Selling intensified after S&P Global released its September flash purchasing managers’