Bitcoin reached a high of $83,062 before declining to $81,678 on Bitstamp, with US 10-year and 30-year bond yields reaching 5.13% and 5.46% respectively. Asian and US equity markets rallied Monday, with the KOSPI closing 1.76% higher and the Nasdaq gaining 1.5%. According to QCP Capital, bond market stability remains key to Bitcoin’s upside momentum, which could suffer from a repeat of last week’s tech stock sell-off. Binance Bitcoin whales reduced their activity, with the whale ratio falling from 0.54 at the start of October to 0.45.
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