Bitcoin at 'Crucial' Support as US Bonds Pressure Crypto, Stocks and Gold

BTC

BTC/USDT

$79,974.45

+0.39%

$79,974.45

+0.39%

(24s)

24h Volume

$7,162,667,079.16

24h H/L

$80,200.00 / $79,545.96

Change: $654.04 (0.82%)

Long/Short

53.1%

Long: 53.1%Short: 46.9%

Funding Rate

+0.0017%

Longs pay

Data provided by COINOTAG DATALive data

Bitcoin

Daily

$79,906.19

▲ 0.09%

Volume (24h): -

Resistance Levels

Resistance 3$88,315.23

Resistance 2$82,260.41

Resistance 1$80,157.58

Price$79,906.19

Support 1$79,635.96

Support 2$77,509.46

Support 3$73,033.65

Pivot (PP):$79,824.58

Trend:Sideways

RSI (14):67.0

Cointelegraph Staff

(04:00 PM UTC)

1 min read

Bitcoin (BTC) consolidated near month-to-date lows on Tuesday as surging US bonds punished stocks and safe havens.

Key points:

Bitcoin joins risk assets feeling the pressure from skyrocketing US bond yields.
Catalysts, such as high oil prices, continue to impact market sentiment with the US-Iran war stakes still high.
Bitcoin is now at a "crucial level of support," the latest market analysis warns.