Here's why Bitcoin may soon crash back below $80K
Market / Price
Bitcoin's recovery remains vulnerable as rising US Treasury yields and withdrawals from spot exchange-traded funds weaken demand. Crypto's recent losses contrasted with resilient US equities, which benefited from expectations of strong third-quarter corporate earnings. https://twitter.com/wintermute_t/status/2109955625396351096 Bitcoin traded at $83,488 at the time of writing, down by 0.01% over 24 hours, but a strong rally would require an improvement in both yields and investment flows. Crypto falls while earnings expectations support stocks Bitcoin declined 3.2% last week, Ethereum fell 7%, and altcoins lost 2.9%. The S&P 500 gained 1.2%, while the Nasdaq rose 0.2%. The Russell 2000 fell 0.9%, showing that equity strength was not uniform. Federal Reserve's September meeting minutes was an important influence on sentiment.
BTC
Disclaimer: This content is provided via CryptoNews and third-party sources. Tothemoon does not create, verify, or endorse this content and makes no guarantees as to its accuracy. The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. It is provided for informational purposes only and is not investment advice.