Bitcoin Holds Steady Above $64,000 as Markets Digest SEC's New Crypto Asset Proposal**


Bitcoin remained relatively stable on August 19, trading around $64,300 to $64,700, with a modest gain of approximately 0.3% over the past 24 hours . This stability comes despite ongoing macroeconomic pressures, including surging U.S. Treasury yields—with the 30-year yield reaching an intraday high of 5.337%, its highest level since 2007—and Brent crude oil prices remaining elevated around $91 per barrel due to persistent U.S.-Iran tensions over the Strait of Hormuz . The cryptocurrency market avoided the deeper declines seen in U.S. technology stocks, with the NASDAQ falling 1.33% and the S&P 500 dropping 0.69% . The Fear and Greed Index improved to 46 from the previous reading of 41, indicating gradually improving sentiment among market participants . However, analysts caution that if oil prices and Treasury yields continue to rise, a break below the critical $64,000 support level could signal renewed pressure on risk appetite .
BTC0.29%
US5000.04%
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