Bitcoin price surpassed $84,000 during the Thursday Wall Street opening session. Market data indicates the asset is maintaining a pattern of higher lows on hourly time frames, showing a 0.6% increase for the day. Trading activity remains concentrated between liquidity levels at $84,500 and $82,900.
US bond yields experienced a sharp decline following a period of multi-decade highs. The 10-year Treasury yield reached 5.342%, a level not recorded since April 2002, before retreating to 5.251%. Analysts link the volatility in bond markets to concerns over rising public debt and increased interest costs for governments.
Market participants are monitoring the impact of geopolitical tensions on oil prices and inflation. The US Personal Consumption Expenditures index for August was reported at 3.4% year-on-year. Analysts suggest that market reactions remain muted due to changes in the calculation methodology for this inflation gauge.
Liquidation volume reached $25 million over the preceding 24-hour period as long and short positions balanced within a narrow range. Analyst Rekt Capital identified $82,500 as a critical support level. A successful retest of this threshold is considered essential for the potential continuation of the current price trend.
