Bitcoin failed to break above the $86,500 level on Monday despite posting its best weekly close since late January. US bond yields remain elevated, with the 30-year yield at 5.67%, just two basis points below 24-year highs. Trading firm QCP Capital notes that rising oil prices and long-dated yields continue to cap upside momentum for risk assets. Analytics platform Glassnode reports a decline in buyer dominance compared to mid-September, without signaling an immediate trend reversal.
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