Bitcoin Price Downside Pressure Intensifies With Drop Below $83,000

Bitcoin Price Downside Pressure Intensifies With Drop Below $83,000

Bitcoin fell below $83,000 to reach month-to-date lows as stocks reversed after all-time highs and bond yields spiked higher.

Bitcoin Price Falls Under $83,000 On Rising Borrowing Costs

Bitcoin’s price has plunged — with other assets — as oil surges and the cost of borrowing increases.  The largest cryptocurrency was trading for $83,062, down nearly 4% over a 24-hour period Wednesday morning in New York, after at one point dropping as low as $82,823. Last week, the coin nearly touched as high as $87,086.  Over the past 24 hours, nearly $178 million in long bets on the bitcoin price have been closed, according to Coinglass.  Bit…

Bitcoin Dips Below $83K as Oil Shock Rattles Markets: What Happens Next?

Bitcoin fell sharply as oil topped $101 and the 30-year Treasury yield hit its highest since 2002. The daily chart still leans bullish. The four-hour chart disagrees.

Bitcoin falls below $83,000, dragging down Strategy, Coinbase, and Robinhood stocks - Yahoo Finance

Bitcoin falls below $83,000, dragging down Strategy, Coinbase, and Robinhood stocks Yahoo Finance

Bitcoin Falls Below $83,000 To $82,970 In Spot Trading

Bitcoin traded at $82,970 on Binance spot at 10:56 a.m. ET Wednesday, down 0.52% from an hour earlier.