Bitcoin’s 24% rally faces $70K test as yields rebound: analysts
Bitcoin climbed roughly 24% last week to multi-month highs near $80,000, supported by nearly $1.9 billion in US spot ETF inflows and short covering. Analysts cite Treasury buybacks, rate expectations and the CLARITY Act as potential catalysts while warning that a rebound in yields could test support around $70,000. Corporate treasuries diverged, with Strategy building cash reserves and BitMine continuing to accumulate Ethereum.