Add as a preferred source on GoogleBitcoin Traded Between $80,000 and $83,000 Last Week as Tech Stocks Weakened
Lower Treasury yields and a drop in October Fed rate-hike odds to about 15% supported BTC, while direct institutional crypto inflows remained unconfirmed.
Bitcoin (BTC) traded between $80,000 and $83,000 last week, with $80,000 remaining a key support threshold as technology shares came under pressure. The level has also featured in earlier coverage of Bitcoin’s support test.
U.S. Treasury yields eased, while market odds of an October Federal Reserve rate increase dropped to about 15%. Those shifts supported Bitcoin. Direct institutional inflows into crypto markets remained unconfirmed.
Market positioning shifted away from semiconductors toward health care and banks. Separately, investors showed demand for longer-dated U.S. Treasurys; the two observations do not establish a single flow of funds between those markets.
Bitcoin’s implied volatility stayed below its average for the past year. A sustained move outside the $80,000 to $88,000 range could sharply reprice Bitcoin and implied volatility.
Enna Lee
ReporterEnna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.