Bitcoin Struggles as Bond Yields Rise and Momentum Slows

Bitcoin (BTC) traded near $86,000 after Wall Street opened on Monday, with US bond yields rising again. The cryptocurrency failed to surpass its weekly high of $86,570 as trading began in the US. The 30-year bond yield approached 5.67%, just below its 24-year peak, while the 10-year yield hit 5.31%.

Despite the highest weekly close since late January, Bitcoin showed limited upward momentum. Onchain data from Glassnode indicated a slowdown in aggressive buying, though no immediate trend reversal was signaled. The yearly open price for 2026, at $87,570, remained a key resistance level.

Trading company QCP Capital noted that cooler US employment data had not eased bond market volatility, citing geopolitical uncertainty and high oil prices. US stocks opened higher, with the S&P 500 and Nasdaq Composite Index up 0.5% and 0.7%, respectively. Analysts at Deutsche Bank highlighted the importance of upcoming Fed communications amid bond market instability.

Bitcoin’s price action remained subdued, with Glassnode observing sustained profit-taking. The onchain analytics firm emphasized that while momentum had moderated, the broader uptrend remained intact. Long-term holders’ behavior in the $85,000 range continues to draw attention.