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Bitcoin rebounds above $73,000 as U.S. stock futures recover
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News EditorTechub News reported that Bitcoin moved back above the $73,000 level as U.S. Treasury yields held steady and Nasdaq 100 futures rose about 0.35%. The futures move put the index on track to end a five-session losing streak. Bitcoin traded between $73,000 and $76,000 during the same period, staying closely aligned with risk assets. Market analysis cited in the report said a stable bond backdrop supports growth-stock valuations and that Bitcoin has shown resilience during the latest equity pullback. The report also noted that Nasdaq 100 had previously rebounded after five- to six-day losing streaks in June and July, according to CryptoBriefing.
Techub News said Bitcoin climbed back above $73,000 as U.S. Treasury yields held steady and Nasdaq 100 futures gained about 0.35%, putting the index on track to snap a five-trading-day losing streak.
Bitcoin traded in a range of $73,000 to $76,000 over the same period, moving in step with risk assets.
The report said market analysis sees a stable bond environment as support for growth-stock valuations. It also said Bitcoin has held up during the latest stock-market pullback, suggesting institutional investors have not fully moved into defensive assets.
CryptoBriefing added that the Nasdaq 100 also rebounded in June and July after five- to six-day losing streaks.
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