Bitcoin’s $80,000 ceiling looks fragile after stocks shrugged off near-5% Treasury yields

Bitcoin failed to break $80,000 on Sept. 11 as US stocks climbed about 1% and long-dated Treasury yields stayed near levels not seen in years.Bitcoin registered an intraday high of $79,890, still short of the $80,000-$82,000 resistance zone identified by digital asset trading firm QCP. The S&P 500 closed up nearly 1%, while the Dow and Nasdaq followed closely.That split is not proof that Bitcoin has decoupled from macro conditions yet or that sellers around $80,000 have become the dominant market force. Nevertheless, Bitcoin still has to show it can reclaim the level that has capped its recent advance.Bonds eased from their peaks, but conditions stayed tightAugust core CPI rose 0.3% on the month, keeping the Fed decision central to Bitcoin’s weekend setup.The 10-year yield briefly touched 4.9915%, its highest level in almost three years, while the 30-year reached 5.424%, a 19-year high. The yields later pulled back to roughly 4.95% and 5.341%, respectively.The move left the 10-year yield near 5%, maintaining a demanding backdrop for risk assets. Markets priced about an 85% probability of a quarter-point Fed rate increase the following week.Bitcoin’s weaker showing narrowed the ...