Bitcoin price rally and market updates amid rising yields and ETF flows
Bitcoin is trading above $84,000 as global markets register headline movements in Treasury yields and ETF activity, with the 10-year Treasury yield at 5.234% and the 30-year yield at 5.549%, per market reports. Total inflows into Bitcoin-related exchange-traded funds reached $30 million, reflecting headline ETF flows alongside the reported price rally in this market update. These figures represent the headline market metrics for the session and are reported in the daily market update.
Bitcoin is trading above $84,000 in the most recent market update. Open interest in Bitcoin futures is 628,000 BTC, down from 763,000 BTC at the start of August in the comparative figures provided. These numbers are presented as the stated market metrics for Bitcoin trading and futures positions during the reporting period.
Call option open interest at the $90,000 strike is listed as $2.45 billion, at the $95,000 strike as $2.33 billion, and at the $100,000 strike as $1.79 billion, with each amount corresponding to the dollar value reported for call contracts at those strike prices. Total inflows into Bitcoin-related exchange-traded funds amounted to $30 million in the same reporting dataset. The summary presents these figures without additional interpretation.
U.S. equity benchmarks showed declines, with the Dow Jones Industrial Average falling by more than 300 points, the S&P 500 down 0.8%, and the Nasdaq down 0.9% during the reported session, as listed in the market update.
In crypto markets, Zcash (ZEC) tumbled 4.1% to $1,422.35 and Dash (DASH) declined 6.4% to $61.38, with those price changes recorded in the same dataset.
Other digital-asset moves in the report included Aave (AAVE) rising 11% to $149.48 and CRV increasing 5.2% to $0.3457, each figure presented as a headline price movement without additional detail.
Commodity prices noted in the update were Brent crude at $97.92 per barrel and gold at $4,140, both reported as part of the consolidated market snapshot for the session.
Jim Bianco said, “This is a value play.”
Jim Bianco said, “If we start to see yields going higher, I’m going to continue to get in.”
Jim Bianco said, “Everybody’s ridiculously bearish on the bond market right now. I’m getting a big fat cushion for buying bonds at 5.2%. Now’s not the time to be losing your mind over it.”
Jurrien Timmer said, “Bitcoin is looking particularly interesting here as it challenges key resistance at $80k.”
Jurrien Timmer said, “If it breaks it will confirm a double bottom targeting $100K.”
Jurrien Timmer said these remarks.
Bitcoin remained above $84,000 in the latest update, while open interest in Bitcoin futures fell to 628,000 BTC from 763,000 BTC at the start of August. Bitcoin-related exchange-traded funds recorded $30 million of inflows, other crypto assets showed mixed moves with Zcash and Dash lower and Aave and CRV higher, and U.S. equity benchmarks including the Dow, S&P 500 and Nasdaq posted declines in the reported session.
