✉news BusinessCrypto first seen 6 h ago, last 5 h ago, peak #25
Bitcoin Holds Near $85,000 as Rising Yields Offset Regulatory Hopes
Original: Bitcoin flat at $85.3k as soaring yields offset regulatory hopes
Bitcoin is trading roughly flat at $85,300, with optimism about friendlier cryptocurrency regulation in the United States being cancelled out by rising government bond yields. Higher yields make riskier assets like crypto less attractive to investors, keeping the price rangebound despite positive regulatory sentiment.
Why now: Traders are weighing regulatory optimism against macro pressure from soaring bond yields.
BitcoinFederal ReserveUS Treasury bonds
Rank over time, top of the chart is #1. 2 snapshots from 6 h ago to 5 h ago.
Evidence
- Bitcoin flat at $85.3k as soaring yields offset regulatory hopes · Investing.com
API: https://socialmediatrends-api.osmike.com/v1/trends/1235806