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

BTC

BTC/USDT

$79,563.09

-0.24%

$79,563.09

-0.24%

(24s)

24h Volume

$7,908,624,565.06

24h H/L

$80,200.00 / $79,233.00

Change: $967.00 (1.22%)

Long/Short

53.1%

Long: 53.1%Short: 46.9%

Funding Rate

+0.0020%

Longs pay

Data provided by COINOTAG DATALive data

Bitcoin

Daily

$79,620.00

▼ -0.27%

Volume (24h): -

Resistance Levels

Resistance 3$88,315.23

Resistance 2$81,908.22

Resistance 1$79,878.00

Price$79,620.00

Support 1$78,324.21

Support 2$73,033.65

Support 3$70,930.00

Pivot (PP):$79,824.58

Trend:Sideways

RSI (14):65.9

Cointelegraph Staff

(03:21 PM UTC)

1 min read

Updated byDavid Kim

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.