TREE NEWS reports: Bitcoin recovered to $84,000 after early-week losses, holding what traders described as a trend-defining support zone. The bounce came as the US 30-year Treasury bond yield set a 24-year high, a macro backdrop that has pressured risk assets. Price action then consolidated, with the support level remaining intact.
Bitcoin rebounds to $84K as US 30-year Treasury yield hits 24-year high
The notable point is that bitcoin bounced even as the long end of the US curve pushed to a multi-decade high, a backdrop that has generally weighed on risk assets. That resilience suggests the support zone traders flagged is being defended rather than simply oversold-bounced, though one session proves little. The open question is whether this decoupling from macro pressure persists if yields stay elevated, or whether the support level gives way on the next test.
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