Bitcoin rebounds above $84K amid ETF inflows and rising Treasury yields dampen risk appetite
Bitcoin climbed back above $84,000 after peaking near $85,000 over the weekend, supported by continued inflows into U.S. spot cryptocurrency ETFs, which totaled $64.8 million on Monday despite an 80% drop from Friday’s $330.8 million. Bitcoin ETFs extended their positive streak to eight days, accumulating around $3 billion in that period. However, rising U.S. Treasury bond yields hitting 19-year highs and escalating U.S.-Iran tensions have increased market caution, reducing leverage in Bitcoin futures to a 2024 low. These factors suggest investors remain wary amid potential Federal Reserve rate hikes and geopolitical risks, even as institutional adoption grows with firms like Citigroup expanding blockchain services internationally.
Bitcoin climbed back above $84,000 after peaking near $85,000 over the weekend, supported by continued inflows into U.S. spot cryptocurrency ETFs, which totaled $64.8 million on Monday despite an 80% drop from Friday’s $330.8 million. Bitcoin ETFs extended their positive streak to eight days, accumulating around $3 billion in that period. However, rising U.S. Treasury bond yields hitting 19-year highs and escalating U.S.-Iran tensions have increased market caution, reducing leverage in Bitcoin futures to a 2024 low. These factors suggest investors remain wary amid potential Federal Reserve rate hikes and geopolitical risks, even as institutional adoption grows with firms like Citigroup expanding blockchain services internationally.
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