News
Bitcoin Rejected at $83K as US Bond Yields Rise
Bitcoin (BTC) traded below $82,000 after Monday's Wall Street open, diverging from rising stocks and bond yields. BTC/USD dipped to $81,678 on Bitstamp, reaching $83,062 earlier in the day. The divergence was attributed to bond-market stability, with US bond yields rising in lockstep with equities, ahead of anticipated strong corporate earnings by tech giants. BTC could suffer from a repeat of last week's tech-stock sell-off, with QCP Capital warning of potential support level at $80,000 if sustained equity deleveraging dynamics occur.