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Bitcoin Struggles Near $80K as Rising Bond Yields Drain Crypto Liquidity

24/7 Wall St. Read original source (opens in a new tab)
The Story

News Summary

  • Bitcoin remains pressured down 28% over the year near $79,657 as rising Treasury yields curb non-yielding crypto demand.
  • While privacy coin Zcash surged past $1,000 on spot ETF inflows, broader crypto majors face headwinds from elevated interest rates competing with digital assets.
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BTCUSD price history

77342.03 +14.66% over the displayed period

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