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Bitcoin trades around $84,000 after profit booking as rising US Treasury yields pressure crypto markets
Rising Treasury yields and profit-taking pushed Bitcoin lower as traders watched whether $82,500 can hold as support, analysts said.
- Bitcoin fell toward $83,000 on Monday, retreating from weekly highs near $87,400 as rising U.S. Treasury yields and higher oil prices pressured risk assets.
- The Federal Reserve raised interest rates 25 basis points to 3.75%–4.00% on September 16, while the Senate rejected the Digital Asset Market CLARITY Act on September 15, marking twin policy shocks.
- U.S. spot Bitcoin ETFs recorded roughly $2.39 billion in net inflows from September 21 through September 25, while large wallets accumulated 113,950 BTC since July 15, signaling sustained institutional confidence.
- Geopolitical tensions involving Iran and the Strait of Hormuz pushed Brent crude toward $100 per barrel, amplifying risk-off sentiment as Treasury yields near 2007 levels weigh on digital assets.
- Markets brace for today's August Personal Consumption Expenditures index and nonfarm payrolls on October 2, as analysts identify $82,000 as critical support Bitcoin must defend against deeper declines.
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Bitcoin ETFs Draw $2.4 Billion as Price Stalls 34% Below Record High
U.S. spot Bitcoin ETFs absorbed $2.39 billion last week, the largest inflow since October 2025, flipping 2026 flows positive. Bitcoin still trades near $84,000, well below its $126,000 record, as yields and regulation cap the rally.
Bitcoin testing highs above $84,000 again, can this rally sustain? Here's what experts say investors should watch for...
Bitcoin price increased by 1.59% to $84,355.66, nearing its recent record high. The crypto market cap rose to $2.89 trillion. Analysts highlight that upcoming macroeconomic data points could influence further movements. Here's what investors should watch for…
·New Delhi, India
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Total News Sources115
Leaning Left3Leaning Right4Center13Last UpdatedBias Distribution65% Center
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- 65% of the sources are Center
65% Center
15%
C 65%
R 20%
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