Bitcoin News
By Sakamoto Nashi
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Why Lower Yields Helped Bitcoin. Bitcoin's relationship with bond yields isn't complicated.
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Bitcoin's Wild Intraday Swing. The trading range on September 22 told its own story.
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What Traders Are Watching Now. The market's near-term direction probably hinges on two things: whether oil stays below $100, and…
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Bitcoin crossed $85,000 for the first time in eight months. On September 22, it sat at $85,736 — up from a January high that traders had been eyeing as a key reference point ever…
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The move didn't happen in a vacuum. Brent crude, which had spiked above $109 a barrel just days earlier, dropped back below $100.
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Bitcoin's relationship with bond yields isn't complicated. When yields fall, holding a non-yielding asset like Bitcoin gets more attractive, at least on paper.
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There were other factors probably amplifying the move. Inflows into spot Bitcoin ETFs were reported during the session, and short covering likely added fuel.
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But here's the honest read: nobody knows if Monday's macro relief lasts. One session of falling oil prices and softer yields isn't a trend. It's a data point.
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The trading range on September 22 told its own story. Bitcoin swung from $81,724 at the low to $87,330 at the high — a spread of more than $5,600 within a single session.
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Technically, reclaiming $85,000 matters. The level had been out of reach since January, and getting back above it changes the chart picture for a lot of traders who use that as a…
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More context: Brent Crude Drops Below $92, U.S. Treasury Yields Retreat as Fed Bets Steady
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A correction of -0.97% on the day kept things modest. Bitcoin didn't rip. It crept. And that kind of price action, right at a key threshold, is usually where the real battle…
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The market's near-term direction probably hinges on two things: whether oil stays below $100, and whether Treasury yields keep drifting lower.
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The 10-year yield at 4.96% is still high by any recent historical standard. It's down from 5.04%, sure, but that's a small move.
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Bitcoin's eight-month absence from the $85,000 range adds weight to the moment, but it also adds pressure.
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