New Delhi, Sept. 24 -- 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.

However, Bitcoin has surged approximately 10% to 14% in the last seven days, breaking above the $85,000-$87,000 range.

According to Riya Sehgal, Research Analyst, Delta Exchange, Institutional interest continued to provide support, with US spot Bitcoin ETFs recording inflows of ...