Bitcoin traded in a narrow range around $74,000 at the Wall Street open as investors bought technology stocks and US government bond yields climbed. The 10-year yield reached 5.02% following hotter-than-expected US consumer price inflation data, while the 30-year yield touched 5.378%. CoreWeave gained more than 20% after beating third-quarter revenue forecasts and raising its 2026 guidance, but Bitcoin did not follow equities higher. Oil prices also advanced, with WTI up 1.4% at $87.70 per barrel and Brent up 1.5% at $93.40, as uncertainty persisted around the Strait of Hormuz. Short-term Bitcoin holders’ profitability weakened after the price lost support around $75,700, and more than 47,000 BTC were transferred to exchanges at an unrealized loss.
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