Bitcoin briefly dropped below $75,000 in mid-September after the CLARITY Act failed in the Senate and the Fed hiked rates to 3.75-4.00%, before rebounding above $87,000 a week later. A bond selloff then followed, with the 10-year US Treasury yield jumping over 18 basis points on September 23 to reach its highest level since 2007 above 5.2%. Spot Bitcoin ETFs saw $2.39 billion in inflows for the week ending September 25, but daily flows declined as yields rose, from $999 million to $135 million. On the 3-day chart, Bitcoin made its first higher high since the bear market began, with key support at $80,000 and the 50% Fibonacci retracement near $81,000.
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