Bitcoin hits $87000 three times, blocked, facing pressure from rising US bond yields

Bitcoin has been blocked three times in the $87000 range, and the total cryptocurrency market value has fallen to about $2.93 trillion. The Nasdaq 100 index hit a new closing high, the S&P 500 index is less than 0.5% away from its historical high, and the 10-year US Treasury yield has risen to 5.32%. Alex Kuptsikevich, an analyst at FxPro, stated that BTC has formed a local low point and is continuously rising. Currently, the price is approaching the end of the triangle, and breaking through this pattern will lead to greater volatility. (Source: CoinDesk)