Bitcoin logged its best weekly close in eight months and still couldn't break higher — no follow-through, so the move reads as a pause rather than a trend. Supply stays capped at ₿21M with the block r

What happened: Bitcoin failed to break higher after its best weekly close in eight months, fluctuating around $86,000 after the US market open as US bond yields rose. Key numbers: Weekly close $86,570. 2026 yearly open $87,570. 30-year yield above 5.67%, two basis points below 24-year highs. 10-year yield 5.31%. S&P 500 up 0.5%, Nasdaq up 0.7%. Why it matters: QCP Capital said elevated oil prices and long-dated yields limit upside for risk assets despite cooler employment data. Glassnode flagged less aggressive upward momentum in onchain data without signalling a trend reversal.

Bitcoin failed to break higher after its best weekly close in eight months, fluctuating around $86,000 after the US market open as US bond yields rose.

QCP Capital said elevated oil prices and long-dated yields limit upside for risk assets despite cooler employment data. Glassnode flagged less aggressive upward momentum in onchain data without signalling a trend reversal.