Bitcoin edges lower as yields climb and Robinhood targets perps traders
Summary
Bitcoin was down about 0.6% in European morning trading and roughly 1% over 24 hours, while crypto markets were mixed. DeFi tokens lagged, with the sector index down 2.3% and Aave falling 4.4% after a sharp gain the previous day. Stocks rose despite elevated U.S. Treasury yields, while oil remained below $100 a barrel. No clear catalyst drove crypto’s decline; traders were watching the U.S. PCE inflation release. Bitcoin remained in a consolidation pattern after failing to break above $87,300 on Sept. 21.
