Bitcoin’s Next Move Depends on the US Bond Market and Inflation Report

Crypto Insight Summary: Bitcoin’s next major move could depend on the US bond market. Treasury yields surged to their highest level in 24 years, making government bonds more attractive to investors and putting fresh pressure on cryptocurrencies. According to Bitunix’s October market analysis, the benchmark 10-year US Treasury yield climbed above 5.35%. Bitcoin fell below $82,000, while selling Crypto Insight Analysis: Direction: Bearish BTC Impact: Minor Impact Horizon: Short-term (1-3 days) Reasoning: Rising bond yields increase BTC selling pressure due to competition for investment capital.