Bitcoin Falls Back Below $85K As Treasury Yields Jump Above 5%

TL;DR Bitcoin fell below $85,000 after stronger U.S. business data pushed Treasury yields higher. S&P Global’s flash U.S. Composite PMI rose to 58.4 in September, the strongest reading since July 2021. The move shows how quickly Bitcoin’s recent rebound can be challenged when markets price in tighter monetary policy. Bitcoin’s rebound has run into a familiar obstacle: rising interest rates. BTC fell back below $85,000 as U.S. Treasury yields climbed, with the 10-year yield moving above 5% after