✉news BusinessCrypto first seen 12 h ago, last 11 h ago, peak #26
Bitcoin Struggles Below $85,000 as ETF Outflows Mount
Original: Bitcoin Price Forecast: BTC struggles below $85,000 as ETF outflows, rising US Treasury yields weigh
Bitcoin is trading below $85,000, weighed down by continued outflows from US spot exchange-traded funds and rising US Treasury yields. Analysts note that higher yields reduce appetite for risk assets like crypto, while sustained ETF selling adds downward pressure. Traders are watching whether BTC can reclaim the $85,000 level or faces further declines.
Why now: Falling Bitcoin prices amid ETF outflows and rising Treasury yields are fueling concern about a broader crypto downturn.
Evidence
- Bitcoin Price Forecast: BTC struggles below $85,000 as ETF outflows, rising US Treasury yields weigh · FXStreet
API: https://socialmediatrends-api.osmike.com/v1/trends/591678