Bitcoin Traded Between $80,000 and $83,000 Last Week as Tech Stocks Weakened
Photo: TokenPost
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.
Source: TokenPost
