Bitcoin Holds Above $71,000 Despite Rising Dollar, Oil Prices and Treasury Yields

Bitcoin remained above $71,000 on Friday, showing resilience even as global macroeconomic indicators signaled tighter financial conditions. The cryptocurrency traded around $71,500 while several traditional market signals typically associated with pressure on risk assets moved higher.

The U.S. Dollar Index climbed above 100 for the first time since late November, indicating a stronger dollar against major global currencies. At the same time, benchmark U.S. Treasury yields continued rising, with the 10-year yield moving above 4.2%.

Oil Prices and Equity Markets Add Pressure

Energy markets also reflected inflation concerns, with Brent Crude and West Texas Intermediate crude trading near $100 per barrel. Higher oil prices and borrowing costs often weaken appetite for risk-sensitive assets such as cryptocurrencies and technology stocks.

The tech-heavy Nasdaq‑100, tracked by the Invesco QQQ Trust, remained mostly flat during the session.

Corporate Bitcoin Buying Supports Market Sentiment

Meanwhile, software company Strategy, the largest publicly traded corporate holder of Bitcoin, gained more than 1% after purchasing roughly 11,000 BTC using proceeds from its perpetual preferred security known as Stretch.

Other crypto related stocks showed mixed performance, with Coinbase rising about 2% while mining firms including IREN and Cipher Digital opened slightly lower.

Disclaimer

This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.