Bitcoin price rose by approximately 3% on Thursday, climbing back above $82 000 after hitting a low of $79 806. This movement coincided with a 13-basis-point drop in the 10-year Treasury yield, which fell to 5.06%.
Market data indicates that investors shifted capital from technology stocks toward bonds following a 1.3% rise in the Producer Price Index for September. US chip stocks experienced a decline of $1.64 trillion over six sessions.
The Treasury conducted a scheduled bond buyback operation on Thursday, accepting $6 billion in securities. Historical data shows mixed results for Bitcoin following previous operations, with price changes ranging from a 1% decline to a 1.3% increase.
Analysts are examining the potential link between Treasury liquidity support and crypto assets. Future market reactions will be tested during upcoming Treasury operations scheduled for October 27 and November 4.
