Bitcoin Stabilizes Near $84,000 as 10-Year Treasury Yields Retreat
Bitcoin traded above $84,000 on Friday, remaining largely flat over the past 24 hours after dipping below that level on Wednesday. While most major tokens saw minimal movement, ONDO rose 27% to approximately $0.54 and QNT climbed 39% to nearly $100. Meanwhile, the 10-year U.S. Treasury yield fell 2 basis points to 5.17% following a recent sell-off, and Brent crude dropped about 1% to $105 per barrel. Analyst Alex Kuptsikevich of FxPro noted that the recent Bitcoin pullback appears to be a pause in an ongoing uptrend, though traders are monitoring upcoming Deribit option expiries with significant call interest at the $85,000 strike price.
Summaries are written by AI from the original article. Not investment advice.