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TL;DRBitcoin’s rebound has run into a familiar obstacle: rising interest rates.BTC fell back below $85,000 as U.S. Treasury yields climbed, with the 10-year yield moving above 5% after stronger-than-expected economic data renewed concerns that monetary policy may have to stay tight.Stronger Growth…
Strategy (NASDAQ: MSTR ) swung from a $10 billion unrealized loss to an $8 billion unrealized profit in just weeks, as Bitcoin (CRYPTO: BTC) hit $85,000. What Triggered the Swing Bull Theory posted on X Monday that the reversal happened fast: Bitcoin’s climb off the summer lows directly repriced Strategy’s massive hold
Buying On Hopium Please click here for an enlarged chart of Direxion Daily Semiconductor Bull 3X ETF (NYSE: SOXL ). Note the following: Semiconductors reflect the AI trade, and SOXL is the momo crowd’s favorite. The chart shows SOXL bounced above the top band of zone 3 (support) on Friday due to triple witching buying.
BTC above 85k