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via CoinDesk · By CoinDesk Staff

The data proves it: Bitcoin doesn't care about rising bond yields

BTC

BTC/USDT

$84,014.05

+0.23%

$84,014.05

+0.23%

(24s)

24h Volume

$15,664,950,833.42

24h H/L

$85,255.00 / $83,183.00

Change: $2,072.00 (2.49%)

Long/Short

58.4%

Long: 58.4%Short: 41.6%

Funding Rate

+0.0009%

Longs pay

Data provided by COINOTAG DATALive data

Bitcoin

Daily

$84,007.02

▼ -0.11%

Volume (24h): -

Resistance Levels

Resistance 3$87,335.96

Resistance 2$85,667.07

Resistance 1$84,048.83

Price$84,007.02

Support 1$83,103.66

Support 2$80,169.72

Support 3$77,064.96

Pivot (PP):$84,179.33

Trend:Uptrend

RSI (14):63.9

CoinDesk Staff

(09:48 AM UTC)

1 min read

Updated byOlivia Bennett

0 comments

Global bond sell-off, drives yields higher. (CoinDesk)

Summary

Bitcoin has shown little consistent correlation with government bond yields, suggesting that rising yields alone are not necessarily bearish for the cryptocurrency.
A 21 percent surge in Treasury market volatility helped push bitcoin from $87,200 to $83,500 on Wednesday, and continued turbulence could trigger further losses.
Strong U.S.…

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Source

CoinDesk Staff · CoinDesk

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