Bitcoin fell below $85,000 on October 7 as surging U.S. Treasury yields and a stronger dollar pressured the crypto market. This downturn led to the liquidation of over 124,000 traders, with major coins declining by up to 5%. By October 8, the TD Sequential indicator signaled potential buy opportunities for Bitcoin, Ether, and XRP following the steep drops. However, macro risks and thin trading volumes continue to cloud the prospects for a sustained price rebound.
The TD Sequential indicator flashed four-hour buy signals for major cryptocurrencies, suggesting potential exhaustion of the recent sell-off despite ongoing macro pressures and rising US yields.
Read the full storyRising Treasury yields and a stronger dollar triggered the liquidation of over 124,000 traders as major cryptocurrencies fell up to 5%.
