Summary
Bitcoin (BTC) was US$83869.03, down 2.10% over 24h, per CoinMarketCap's own page data. CMC AI's price-analysis TLDR: Bitcoin is down 2.59% to $84,233.01 in 24h, mirroring a broad risk-asset selloff primarily driven by a sharp rise in Treasury yields and geopolitical tensions. It shows a strong correlation (96%) with the S&P 500 and (94%) with Gold, indicating a macro-driven move. 1. **Primary reason:** Hawkish macro repricing, with strong US economic data pushing Treasury yields above 5% and escalating US-Iran rhetoric spooking risk assets. 2. **Secondary reasons:** A cascade of leveraged long liquidations, totaling $155.23 million in 24h, amplified the downward move. 3. **Near-term market outlook:** If BTC holds above the $84,000 support, it could retest $86,381; a break below risks a deeper drop toward $83,500. Watch for further developments in US-Iran tensions and key economic data.