Bitcoin Hovers at $84K as Treasury Yields Hold Near Multi-Year Highs

Bitcoin traded near $84,000 on Tuesday, little changed after a modest daily gain, while spot Bitcoin ETFs recorded eight straight days of inflows totaling roughly $3 billion. U.S. Treasury yields sit close to multi-year highs driven in part by volatile crude oil prices, which analysts say is limiting upside for non-yielding assets like Bitcoin.

By AI Newsroom· Reviewed by Pranav, Founder & Editor-in-ChiefPublished about 2 hours agoUpdated about 2 hours ago0 views

Bitcoin Hovers at $84K as Treasury Yields Hold Near Multi-Year Highs

Why It Matters

Rising Treasury yields and oil-driven macro pressure can weigh on assets that do not pay income, influencing crypto market flows and investor positioning; at the same time, steady ETF inflows point to continued institutional demand for Bitcoin.

Key Facts

Bitcoin price: Around $84,000 (up 0.9% on the day, down ~2% over the week) — CoinGecko
Spot ETF inflows: Eight consecutive sessions of inflows totaling approximately $3 billion — Farside Investors
ETF holdings: Spot funds hold $107.82 billion, equal to 6.42% of Bitcoin's market capitalization
10-year Treasury yield: Peaked at 5.274% on Monday (highest since June 2007) — Wall Street Journal
30-year Treasury yield: Reached 5.583% (level last seen in 2002) — Wall Street Journal},{

Bitcoin traded in a narrow range around $84,000 on Tuesday, recording a modest daily gain but remaining roughly 2% lower for the week, according to CoinGecko. The cryptocurrency has been consolidating in that area for about two weeks as broader markets exert pressure on risk assets.

Interest-rate-sensitive markets have been a key headwind. The 10-year U.S. Treasury yield reached its highest level since mid-2007 and the 30-year hit levels not seen since 2002 before easing slightly as crude oil prices cooled from recent peaks, the Wall Street Journal reported. Analysts cited the recent rise in oil as a constraining factor for non-yielding assets such as Bitcoin.

Despite the macro backdrop, institutional demand via spot Bitcoin ETFs has remained persistent. Data from Farside Investors show eight straight days of net inflows, which Thahbib Rahman of Block Scholes estimated at about $3 billion. ETF flows on Monday were small in aggregate, with BlackRock’s IBIT and Grayscale’s mini trust receiving inflows that offset outflows from GBTC and Fidelity’s FBTC.

Market participants are watching upcoming U.S. economic releases that could influence Federal Reserve policy and market rates. August core PCE and a third estimate of second-quarter GDP are due this week, followed by the September jobs report on Friday. Futures markets assign roughly a 70% probability to a Fed rate increase in October, up markedly from a month ago, according to CME’s FedWatch tool. Traders’ options positioning reflects a mix of downside protection and some upside hedging, suggesting cautious sentiment amid the uncertain macro picture.