Bitcoin rose to $84,000, with impressive gains in the third quarter; high Treasury yields put pressure

On Thursday, Bitcoin continued its gains after recording impressive gains in the third quarter, as market optimism about a friendly U.S. regulatory environment continued to grow, driving an influx of bargain hunting.
However, as we entered the fourth quarter, the cryptocurrency’s gains gradually faltered. U.S. Treasury yields have soared, and market expectations that the Federal Reserve will continue to raise interest rates have put significant pressure on the crypto market.