Crypto
Bitcoin Rebounds to $84K Amid US Bond Yield Surge
Bitcoin's price rebounded to $84,000 on Tuesday without violating a crucial support level at $82,500. This level was identified by trader Rekt Capital as essential to protecting market strength.
The US 30-year bond yield reached 5.58%, its highest level since June 2002, before easing to 5.55%. The 10-year yield hit 5.26%, a level last seen in June 2007.
Analysis by QCP Capital warned of potential pressure on Bitcoin's technical strength due to geopolitical uncertainty and macroeconomic data risk. The company identified war developments and upcoming US macroeconomic data prints as key volatility catalysts for crypto and risk assets.