Bitcoin traded around $83,000 with modest daily declines as rising US Treasury yields and expectations of further Federal Reserve rate hikes pressured risk assets. Strong Bitcoin ETF inflows provided some support despite the macro headwinds.
What it moves
BTC
Bull vs bear
Bulls see persistent ETF inflows as a floor that limits downside even as yields rise. Bears argue elevated Treasury yields and hawkish Fed expectations will continue to weigh on risk appetite and cap BTC upside.