Bitcoin stabilizes near $83K after volatile swingsβΎ
BTC is trading around $83,100β83,600, holding above the key $82,500 support / double-bottom neckline despite $2.4bn in weekly ETF inflows meeting resistance from surging Treasury yields. Analysts note a bull flag / break-and-retest pattern that could target $87,000β90,000 if $83,000 holds, though a close below $82,000 would signal a breakout failure.
Rising Treasury yields dominate cross-asset sentimentβΎ
10-year yields pushed to 4.71%, their highest since May, pressuring long-duration equities and gold while lifting the dollar. Rate-sensitive sectors β utilities, REITs, small caps β lagged the tape.
Dollar surges to multi-month highs, crushing the euroβΎ
DXY printed 107.4 as EUR/USD slipped below 1.04. Multinational exporters underperformed; energy and financials held relative strength.
US equities slip as yields overshadow AI optimismβΎ
S&P 500 β0.4%, Nasdaq β0.6%. Semis were mixed: AVGO +1.6% on hyperscaler orders, AAPL β2.7% after a downgrade citing services growth.
Crude oil holds above $89β90 on Iran-driven supply fearsβΎ
WTI settled $89.60 after touching $91.20 intraday. Energy was the day's best sector (+0.9%) on refiners and E&Ps.
Gold and global markets feel the yield squeezeβΎ
Gold β1.1% to $3,412 as real yields rose; Nikkei and DAX both closed lower, tracking the US bond selloff.
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