bitcoin··1 min read
Bitcoin Holds Near $84K as Treasury Yields Stay Elevated
Spot Bitcoin ETFs extended their inflow streak to eight sessions while analysts flagged crude prices and high Treasury yields as headwinds for the asset.
Bitcoin was trading around $84,000 as Treasury yields held near multi-year highs, a combination analysts said is limiting demand for assets that produce no income.
ETF demand keeps running
Spot Bitcoin exchange-traded funds have taken in money for eight consecutive sessions, extending a stretch of steady inflows even as the broader macro backdrop remains difficult.
Oil and yields in focus
- Treasury yields remain close to multi-year highs, raising the opportunity cost of holding non-yielding assets.
- Analysts pointed to crude oil prices as another factor weighing on bitcoin and similar assets.
- Spot Bitcoin ETFs have now logged eight straight sessions of net inflows, according to the source.
The balance between rate expectations and commodity prices continues to shape near-term sentiment, with ETF flows providing one of the few consistently supportive signals for bitcoin at current levels.