Bitcoin price fails to break higher after best weekly close in eight months
BTC when published $85,620Now $80,577 ▼ −5.89% since it was published
Bitcoin’s highest weekly close in eight months formed low-timeframe resistance at the start of Monday’s US trading session. Bitcoin (BTC) fluctuated around $86,000 after Monday’s Wall Street open as US bond yields continued to rise. Data from TradingView showed BTC/USD struggling to move beyond its weekly open level near $86,500 after the highest weekly close since late January. US bond yields, already under scrutiny, headed higher on the day. The 30-year yield passed 5.67% once again, just two basis points below 24-year highs seen last week. The 10-year yield returned to 5.31%, with last week’s high at 5.34%.
First reported by Cointelegraph. This page is a short excerpt; the full text is theirs.
