BTC Surges Above $84K Amid Treasury Yield Stability and ETF Revival
Bitcoin has recovered some of its losses from earlier in the week and is now trading above $84,000. The price increase comes as Treasury yields have stabilized after reaching their highest levels in nearly two decades.
The BTC/USD exchange rate rose by 1.6% on Tuesday, with a current value of $84,005 over the past 24 hours. In reals, Bitcoin was trading at R$ 440,192, according to data from the Portal do Bitcoin.
Other major cryptocurrencies also saw gains, with Ethereum up 2.5%, XRP rising by 2%, Solana increasing by 1.3%, and BNB advancing by 0.3%.
The recovery in Bitcoin's price comes after a sharp decline on Monday to near $82,500 due to pressure from high Treasury yields, a strong dollar, and ongoing geopolitical tensions between the US and Iran.