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Bitcoin holds $82.5K as US bond yields hit 24-year high

Original: Bitcoin holds $82.5K support as US 30-year bond yield hits 24-year high Bitcoin rebounded to $84,000 while US 30-year bo

Bitcoin rebounded to $84,000, holding its $82,500 support level even as US 30-year Treasury bond yields climbed to 5.58%, their highest level since June 2002. Analysts caution that profit-taking could pressure the cryptocurrency's price in the near term, with traders watching how long-standing macroeconomic pressure from rising government borrowing costs interacts with crypto markets.

Why now: Rising US long-term bond yields are sparking debate over their impact on Bitcoin's price resilience.

BitcoinUS Treasury bondsFederal Reserve

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• Bitcoin holds $82.5K support as US 30-year bond yield hits 24-year high Bitcoin rebounded to $84,000 while US 30-year bond yields reached 5.58%, their highest since June 2002. Analysts warn profit-taking may weigh on price. https:// newisty.com/blog/bitcoin-holds… · newisty

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