Bitcoin gives back gains as long-term holder supply keeps $85K out of reach

Bitcoin gives back gains as long-term holder supply keeps $85K out of reach

Özet: Kripto piyasasında önemli gelişmeler yaşanıyor.

Bitcoin (BTC) reversed its latest gains after Tuesday’s Wall Street open as US bond yields continued to set multidecade highs.

Key points: Data from TradingView showed a local rally to $84,540 stalling as the US trading session began, with BTC/USD retreating below its daily opening level near $83,600.

US bond markets showed no sign of cooling on the day, with the 30-year yield reaching new 24-year highs above 5.60% and the 10-year yield hitting 5.26%, on the cusp of passing its June 2007 high to levels last seen in April 2002.

Geopolitical uncertainty surrounding the US-Iran war, high oil prices and persistent inflation kept investors cautious, while surging bond yields also sent precious metals lower.

Gold fell 3.6% on Monday to $4,115 per ounce before rebounding to $4,166 at the time of writing.

Market commentator The Kobeissi Letter described gold’s move as “highly unusual.” “The surge in yields is creating an extraordinary disruption across the precious metals market,” it wrote in a post on X.

As US equities avoided major volatility, new analysis from trading resource Mosaic Asset Company saw the potential for renewed upside amid “extremely oversold” conditions.

“On a year-to-date basis, the percent of stocks trading in short-term uptrends has only been this low back in late March when the S&P fell near correction territory.

Many other measures of breadth show the presence of an oversold condition while investor sentiment has seen a large jump in bearish views over the past two weeks,” it wrote on Tuesday.

Mosaic added that robust economic data, including higher-than-expected job gains in August, could support further stock gains even as the Federal Reserve raises interest rates.

Analiz: Piyasa hareketliliği devam ediyor.