WS #14966
Bitcoin is holding steady near $86,500, supported by record weekly ETF inflows of $2.4 billion and the movement of a dormant whale wallet. However, the rally is being tempered by rising US Treasury yields and broader risk-off sentiment driven by the Middle East conflict. The market is in a consolidation phase, with Solana outperforming on volume, but the macro headwinds from energy prices are capping immediate upside.
Crypto Market Consolidation
Bitcoin is holding steady near $86,500, supported by record weekly ETF inflows of $2.4 billion and the movement of a dormant whale wallet. However, the rally is being tempered by rising US Treasury yields and broader risk-off sentiment driven by the Middle East conflict. The market is in a consolidation phase, with Solana outperforming on volume, but the macro headwinds from energy prices are capping immediate upside.