Cryptocurrency future: Bitcoin prices trading above $80k – What’s behind the rally? What lies ahead?

Cryptocurrency future: Bitcoin’s rally lost momentum after a stronger-than-expected US business activity report pushed Treasury yields higher. The BTC-USD price slipped below $84,000 roughly an hour after the data was released, reversing an earlier rally that had lifted Bitcoin above $87,000.

The decline came after Bitcoin had gained nearly $10,000 over four days, rising from around $74,900 following the recent vote to a high of approximately $87,300 on Monday.