Bitcoin is climbing as it approaches $85,000, helped by a drop in U.S. Government Bonds yields as concerns ease over additional Federal Reserve rate hikes.
Bitcoin nears $85,000 as US yields drop and risk appetite returns - CHOSUNBIZ
Bitcoin approached $85,000 as declining US yields coincided with a return in investor risk appetite. The move highlights how broader macroeconomic conditions can influence demand for cryptocurrencies.
Chosunbiz
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Oct 2, 2026 at 12:04 AM UTC · 1 min de lectura
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BTC+1.70%$84,871
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According to the cryptocurrency tracking site CoinMarketCap on the 2nd, bitcoin was trading at $84,809.89 at 8:51 a.m. That was up 1.53% from 24 hours earlier.
Ethereum, the No. 2 by market capitalization, rose 0.69% to $2,704.32. Ripple gained 0.34% to $1.49, and Solana added 0.25% to $118.34.
Recently, movements in U.S. Government Bonds yields have been a key variable in the cryptocurrency market. The U.S. 10-year Government Bonds yield topped 5.3% intraday the previous day before giving back gains. When Government Bonds yields fall, revenue from Government Bonds investments declines, increasing investment in risk assets such as cryptocurrencies.
Bitcoin moved from $81,276.1 to $84,864.3 over the last 30-day period, a gain of 4.4 percent.
Source: Kraken · NewsLayer Markets · Updated hace unos segundos
Easing inflation has been cited as the backdrop for the rise in U.S. Government Bonds yields. The previously released U.S. August personal consumption expenditures (PCE) price index rose 3.4% from a year earlier, 0.3 percentage points below market expectations. This eased concerns about additional tightening by the Fed.
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- Oct 1US factory costs spike, threatening Bitcoin’s rally above $85,000
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- Oct 2Bitcoin nears $85,000 as US yields drop and risk appetite returns - CHOSUNBIZ
- Oct 1US factory costs spike, threatening Bitcoin’s rally above $85,000
- Oct 1Bitcoin holds up in September; will it rise further in October as 'Up-tober' hopes grow?
- Oct 2Quantum computers could neutralise bitcoin? No basis for it within 10 years
- Oct 2Bitcoin nears $85,000 as US yields drop and risk appetite returns - CHOSUNBIZ
Respuestas Rápidas
Why is Bitcoin nearing $85,000?
The article attributes Bitcoin's move toward $85,000 to falling US yields and a return in investor risk appetite.
How do US yields relate to Bitcoin in this story?
US yields dropped as Bitcoin approached $85,000. The article presents the lower-yield environment alongside renewed appetite for risk assets.
What does returning risk appetite mean for Bitcoin?
Returning risk appetite means investors are more willing to buy assets viewed as riskier. In this case, it coincided with Bitcoin moving closer to $85,000.
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Originally reported by Chosunbiz
NewsLayer coverage based on externally reported material.
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Market Context
Bitcoin
BTC
$84,853
+1.68% (24H)
Market Cap
$1.70T
24H Volume
$26.0B
24H High
$85,239
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