✉news BusinessCrypto first seen 9 h ago, last 1 h ago, peak #10
Bitcoin climbs to $83,500 as oil falls and yields ease
Original: Bitcoin rises to $83.5k amid a fall in oil prices and a let up in Treasury yields
Bitcoin has risen to $83,500, with the move coinciding with falling oil prices and a let-up in US Treasury yields. The easing bond yields reduce pressure on risk assets, while cheaper oil may signal softer inflation expectations, conditions traders often read as supportive for cryptocurrencies and other riskier investments.
Why now: Crypto markets are reacting to a friendlier macro backdrop of easing Treasury yields and lower oil prices.
Evidence
API: https://socialmediatrends-api.osmike.com/v1/trends/427114