Bitcoin bounces to $84K after US 30-year bond yield sets 24-year high
Bitcoin held key support into Tuesday, trading below $84,300 after Monday’s risk-off move tied to geopolitical uncertainty, higher oil worries, and surging bond yields. The US 30-year yield briefly hit 5.58%, its highest since 2002, while the 10-year reached 5.26%, a 2007 high, before easing. Market commentary said Bitcoin’s technical strength could be tested by war developments and upcoming US macro data, especially Wednesday’s PCE inflation reading and Friday’s nonfarm payrolls report. BTC avoided falling below $82,500, a level seen as important for preserving its uptrend, and weekly charts still show an inverse head-and-shoulders recovery structure and a retest of the $60,000–$80,000 range as support. Onchain data suggests momentum is being capped by profit-taking. Glassnode reported that both realized and unrealized profits rose sharply, NUPL reached its highest since January, and the share of coins spent in profit versus loss climbed to 1.4, indicating a market increasingly dominated by profit-taking.
