Crypto18 August, 20262 min read
Bitcoin Pauses Near $64,000 as Rising Yields and Brent Crude Weigh on Risk Appetite
This article is an automated aggregation of coverage from news outlets. Our editorials offer in-depth analysis curated by the NewsCord team.
Bitcoin trades around $64,000, holding above $64k as it pauses. 30-year Treasury yield rises to about 5.33%, highest since 2007.
5 outlets told this the same way.
Bitcoin steadies near $64,000
Bitcoin paused around $64,000 as rising yields and oil weighed on risk appetite, with CoinDesk data showing BTC at $64,307.50 and up 1.17% while it had dropped 0.6% since midnight UTC. Ether was quoted at $1,902.84, while the same CoinDesk report tied the pullback to Nasdaq 100 futures slipping 1.1% alongside the release of FOMC July meeting minutes and a White House crypto summit due Wednesday. The CoinDesk piece also linked the macro pressure to Brent crude rising back to $94 a barrel after a 60-day U.S.-Iran ceasefire expired Monday without a deal.
In a separate live update, CoinDesk data again placed Bitcoin near $64,100 on Tuesday, up 1% on the day and holding above $64,000 even as the 30-year Treasury yield rose to 5.33%. That live update framed the pressure as coming from bonds and crude, with Brent crude topping $91 a barrel as the U.S.-Iran conflict escalated.
Yields and oil drive the mood
A moomoo live feed echoed the same setup, saying Bitcoin traded near $64,100 on Tuesday while rising bond yields and climbing oil drained appetite for risk assets, and it placed Ether near $1,893. That moomoo update also cited the 30-year Treasury yield rising to 5.33% and said Brent crude topped $91 a barrel as Trump threatened to bomb Oman if it interferes with U.S. operations. In the same moomoo live update, the pressure was described as a macro headwind that capped crypto all summer, while it added that Bitcoin was still holding anyway as stocks fell for a third session and yields hit generational highs.
إرم بزنس framed the risk differently, saying “Bonds Pose the Greater Threat” and describing Bitcoin as trading today above $64,000 despite higher oil prices and a risk-off mood among stock-market traders. That report also quoted FundStrat’s asset strategy chief Shaun Farrell saying: “If real yields keep rising, that could end Bitcoin’s unusually calm trading range.”
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CoinDesk’s market coverage tied positioning to derivatives, saying the long-short taker volume ratio in crypto futures flipped decisively from neutral to bullish with longs accounting for over 51% of flow.
It also said annualized perpetual funding rates surged to a 20-month high, and that open interest in bitcoin futures remains near 750,000 BTC.
The same CoinDesk report highlighted options activity on Deribit, noting that the $70,000-strike call expiring Sept. 25 was the most-traded bitcoin option of the past 24 hours.
Vietnam.vn added a different set of numbers, saying Bitcoin price rose 2.52% over the last 24 hours and that total cryptocurrency liquidations in 24 hours were $180 million as Bitcoin returned to the $64,000 price range.
It further cited CryptoQuant on intensifying competition in the long-term Bitcoin buy market and referenced that fees in the derivatives market reached their highest level in 20 months on August 14.