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Bitcoin Surges to $84K Amid US Yields Surge

Guavy AI Editorial Team
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BTC
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Bitcoin's price rebounded to around $84,000 on Tuesday as US bond yields climbed to multi-decade highs.

The move came amid uncertainty tied to geopolitics and upcoming US economic data releases.

Analysts pointed out that the current uptrend in Bitcoin's price depends on whether the market can maintain the key technical level of $82,500.

According to Glassnode, profit-taking is increasingly driving the market momentum, with rising realized and unrealized profits suggesting a 'stretched' market environment.

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