Bitcoin and Ether Rally as Treasury Yields Ease, Tech Stocks Follow
Bitcoin traded toward $108,000 and Ethereum broke above $2,672 as falling bond yields lifted risk assets, with Strategy adding $75 million more bitcoin to its holdings.
Bitcoin pushed toward the $108,000 level and Ethereum broke above $2,672 in the September 21 session as easing Treasury yields boosted both crypto and tech stocks, while Strategy bought another $75 million of bitcoin.
Bitcoin and Ether Rally in Tandem With Crypto Equities
Bitcoin and Ethereum's rebound coincided with gains in bitcoin-proxy stocks like Strategy and IBIT, illustrating how the crypto rally has spread into related equities as yields ease.
Live prices for BTC-USD, ETH-USD, MSTR, and IBIT.
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<figure><a href="https://www.indy.finance/news/bitcoin-and-ether-rally-as-treasury-yields-ease-tech-stocks-follow"><img src="https://www.indy.finance/news/bitcoin-and-ether-rally-as-treasury-yields-ease-tech-stocks-follow/graphic.svg" alt="Bitcoin and Ether Rally in Tandem With Crypto Equities" width="1200" height="675"></a><figcaption>Bitcoin and Ether Rally in Tandem With Crypto Equities — <a href="https://www.indy.finance/news/bitcoin-and-ether-rally-as-treasury-yields-ease-tech-stocks-follow">Indy Finance</a></figcaption></figure>If Treasury yields reverse higher in the coming sessions and bitcoin fails to hold above $100,000, the case for this rally continuing toward $108,000 would weaken.
- Yahoo Finance — NewsTech stocks rise, Bitcoin rallied as Treasury yields ease: AlphaCheckExternal ↗
- Yahoo Finance — NewsStrategy Buys $75 Million of Bitcoin As Price RalliesExternal ↗
- Yahoo Finance — NewsWhy Is Ethereum Up Today? It Just Broke Above $2,672, Opening the Door to $3,000External ↗
- Seeking Alpha — All ArticlesBitcoin Breaks Out: Why $108,000 Is Now In Play. Eyeing BTC & IBITExternal ↗
Produced automatically by the INDY NEWS Desk from the public wire sources cited above, and checked against them before publication. Market commentary, not investment advice.