Bitcoin price dips to $64,017, testing key trendline support amid tech selloff and rising Treasury yields

1. Bitcoin price dropped 2.49% to $64,017 amid Nasdaq tech stock liquidations and rising 4.71% Treasury yields Newsworthy Reliable Very negative
2. Spot Bitcoin ETFs recorded a three-week low inflow of $33 million as investors shift to bonds Newsworthy Reliable Negative
3. Bitcoin is testing a critical 4-hour ascending trendline; a break could expose $60,000 psychological support Newsworthy Reliable Negative
4. Nasdaq-100 index hit an eleven-week low of 28,128 points due to investor concerns over heavy AI spending Relevant Reliable Negative
5. Rising US Treasury 10-year yield reached 4.71%, making risk-free bonds more attractive versus volatile crypto Relevant Reliable Negative
6. Bearish MACD crossover and RSI near oversold on 4-hour Bitcoin chart indicate sellers hold tactical advantage Relevant Reliable Negative
7. Failure to hold $63,000 in Bitcoin price risks cascading long liquidations and retesting May lows Newsworthy Reliable Very negative
8. Massive tech capital expenditures, like Alphabet's $94 billion SpaceX stock purchase, raise profit concerns Relevant Reliable Negative

Type: standard news · Analysis confidence: 95%

Used in syntheses

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