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Bitcoin stays above $64,000 as Treasurys cool and oil rises

CoinDesk reported the 30-year U.S. Treasury yield eased from a multi-decade high of 5.338% while WTI and Brent rose more than 0.5%.

Reported · Written up by our desk · Market Structure

Bitcoin remained above $64,000 as market moves elsewhere helped support risk sentiment, according to CoinDesk. Crude prices rose on Wednesday, with WTI up more than 0.5% to $85 a barrel and Brent up more than 0.5% to $92 a barrel. At the same time, the 30-year U.S. Treasury yield retreated slightly from its multi-decade high of 5.338%.

CoinDesk also noted there was no relief for European bond markets, with long-term yields in Germany and France continuing to rise.

CoinDesk further tied the broader market tone to crypto and equities, saying MicroStrategy shares fell more than 5% even as bitcoin rose, and that South Korea’s Kospi index slid 5.8%.

Latest closeWTI crude $82.40 ▲1.4%|Brent $88.59 ▲1.8%|Bitcoin $64,345.72 ▼0.5%

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