WS #14690
Bitcoin has fallen below the $84,000 level, correlating directly with the surge in US bond yields which reduces the opportunity cost of holding non-yielding assets. While the price action is bearish, structural demand remains visible in Ethereum ETF inflows. The crypto market is currently acting as a high-beta proxy for risk appetite, with the yield spike serving as the primary headwind against any near-term recovery.
Crypto and Digital Asset Volatility
Bitcoin has fallen below the $84,000 level, correlating directly with the surge in US bond yields which reduces the opportunity cost of holding non-yielding assets. While the price action is bearish, structural demand remains visible in Ethereum ETF inflows. The crypto market is currently acting as a high-beta proxy for risk appetite, with the yield spike serving as the primary headwind against any near-term recovery.