Bitcoin Battles US Bond Nerves With BTC Price Dip Toward New May Lows

BTC

BTC/USDT

$63,725.72

+1.10%

$63,725.72

+1.10%

(24s)

24h Volume

$13,150,938,009.92

24h H/L

$64,394.44 / $62,972.00

Change: $1,422.44 (2.26%)

Long/Short

62.7%

Long: 62.7%Short: 37.3%

Funding Rate

+0.0002%

Longs pay

Data provided by COINOTAG DATALive data

Bitcoin

Daily

$63,703.99

▲ 0.20%

Volume (24h): -

Resistance Levels

Resistance 3$71,013.02

Resistance 2$67,552.35

Resistance 1$64,197.82

Price$63,703.99

Support 1$62,904.14

Support 2$61,056.47

Support 3$59,130.91

Pivot (PP):$63,654.22

Trend:Downtrend

RSI (14):33.5

Cointelegraph Staff

(03:21 PM UTC)

1 min read

Updated byDavid Kim

1188 views

Bitcoin (BTC) fell below $80,000 at Friday’s Wall Street open as analysis tied risk-asset weakness to US bond markets.

Key points:

Bitcoin eyes its lowest levels of May as concerns over US bond yields spark a risk-asset rout.
US 10-year treasury yields rise above levels that sparked a US tariff pause on China last year.
Traders wait for new local lows for BTC/USD as support stability is eroded.