Live updates: Bitcoin rebounds above $84,000 as Treasury yields steady
Bitcoin has rebounded above $84,000 while Treasury yields remain steady, though the broader cryptocurrency market remains in a short-term downtrend. Analysts suggest that sustained bullish sentiment is required to push prices toward new multi-month highs.
Why it matters
Market movements in Bitcoin and other digital assets are increasingly correlated with macroeconomic indicators like Treasury yields and equity market stability.
Ether led the majors, up 2% to nearly $2,720. DOGE added 3% and XRP 2%, while BNB, SOL and TRX each gained under 1%. HYPE slipped 1%. ZEC was the outlier, down 9% to about $1,423.
U.S. spot bitcoin ETFs took in about $31 million on Monday and ether funds about $17 million, according to SoSoValue, with SOL and XRP funds adding a combined $17 million. The lone U.S. ZEC fund posted the only net outflow, losing about $8 million.
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