BREAKING
474d 19h ago

Bitcoin Resilience Amid Higher Treasury Yields: Insights into Market Trends and ETF Impact

BTC

BTC/USDT

$71,354.77
+3.55%
24h Volume

$17,366,629,629.18

24h H/L

$71,554.95 / $68,531.50

Change: $3,023.45 (4.41%)

Long/Short
65.5%
Long: 65.5%Short: 34.5%
Funding Rate

-0.0023%

Shorts pay

Data provided by COINOTAG DATALive data
Bitcoin
Bitcoin
Daily

$71,351.87

2.98%

Volume (24h): -

Resistance Levels
Resistance 3$79,008.03
Resistance 2$75,548.63
Resistance 1$72,179.52
Price$71,351.87
Support 1$70,589.27
Support 2$67,300.00
Support 3$62,909.86
Pivot (PP):$70,598.27
Trend:Downtrend
RSI (14):35.3

According to recent insights from COINOTAG, the 10-year U.S. Treasury yield has surged from 3.6% during the September FOMC meeting to 4.2%, representing a significant increase of 60 basis points. This sharp rise has raised **market concerns** surrounding **inflation**, illustrating the potential challenges for cryptocurrencies, particularly Bitcoin, in reclaiming its upward trajectory. Analysts at 10x Research suggest that the market requires **time** to calibrate to these **higher bond yields** before Bitcoin can experience a resurgence. However, it’s crucial to maintain a balanced perspective; pessimism may be unwarranted at this juncture. Furthermore, since the introduction of the **Bitcoin spot ETF**, stablecoin inflows have surged dramatically, reaching an impressive **$36 billion**, indicating that market **liquidity** remains robust, providing a supportive backdrop for potential growth in the crypto sector.

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