Bitcoin Falls Below $83,000 as 10-Year Treasury Yield Hits 5.11%

  • Bitcoin fell to $82,874.93 on Sept. 24 after retreating from $87,392.
  • The U.S. 10-year Treasury yield reached 5.11%, its highest level since 2007.
  • U.S. spot Bitcoin ETFs recorded $346.98 million of Sept. 23 inflows, while Binance open interest fell from $5.4 billion to $4.9 billion.

Bitcoin fell below $83,000 on Sept. 24, reaching $82,874.93 after failing to sustain its advance to $87,392 on Sept. 21. The decline coincided with the U.S. 10-year Treasury yield reaching 5.11%, its highest level since 2007, adding pressure to cryptocurrency prices. Bitcoin remained down 3.8% over 24 hours but up 9.9% over seven days. U.S. spot Bitcoin ETFs recorded $346.98 million of net inflows on Sept. 23 in SoSoValue data, extending a five-session inflow run to roughly $2.65 billion, although Farside Investors preliminary tally had shown $32.4 million. Santiment said wallets holding 100 to 1,000 BTC added 113,950 BTC between July 15 and Sept. 23, while Strategy and Strive continued corporate purchases. Binance Bitcoin open interest fell by $500 million after the reversal, and analysts focused on support near $82,000 and the $85,000-$86,500 buyer range.

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