Bitcoin price steadies, ONDO rallies as US Treasury yields hit 2007 highs
US Treasury yields hit a 19-year high on Thursday, pressuring risk assets as Bitcoin held near $84,000 and ONDO became top performer among altcoins.
Auto Added by WPeMatico
US Treasury yields hit a 19-year high on Thursday, pressuring risk assets as Bitcoin held near $84,000 and ONDO became top performer among altcoins.
Bitcoin traded near $83,200 as Fed hike odds reached about 75% and Treasury prepared a $6 billion buyback of long-dated bonds.
US spot Bitcoin ETF inflows slowed to $347 million on Wednesday as Bitcoin fell below $84,000, while five-day inflows reached $2.65 billion.
Every institution interviewed that owned crypto held Bitcoin, usually as its largest asset; some set exit conditions for Ether and Solana.
Bitcoin long liquidations mounted as BTC/USD briefly traded below $84,000, while analysis flagged key support to hold.
BTC price analysis concluded that onchain signals had “confirmed” the new Bitcoin bull market.
US spot Bitcoin ETFs recorded more than $1.7 billion in net inflows over two days as Bitcoin rose above investors’ estimated average cost basis.
Bitcoin price action avoided a significant drop below $86,000 as US president Donald Trump pledged a deal with Iran after November’s midterm election.
Glassnode’s Altcoin Cycle Signal printed a new altseason signal after a month of Bitcoin and altcoin market-cap gains.
Bitcoin traded near $86,000 as major altcoins gained, while rising derivatives leverage pointed to growing speculative activity across crypto markets.
