Live news: Bitcoin slips below $83,000 as yields, oil and dollar climb
- Bitcoin dipped below $81,000 on Thursday, its lowest level since Sept. 21, as markets reacted to reports of potential US-Iran military action.
- Oil prices surged on Thursday, with WTI crude reaching $93.20 a barrel, the highest level since Oct. 2, following concerns over US-Iran military action.
- The Dollar Index strengthened to 102.4, while the 30-year Treasury yield hit a 24-year high of 5.73%, adding pressure on risk assets.
- Federal Reserve governor Christopher Waller advocated for further interest-rate hikes to tame inflation, while President Donald Trump claimed Middle East envoy Steve Witkoff is making progress with Iran.
- Bitcoin's decline exacerbated cross-crypto long liquidations reaching around $430 million per CoinGlass data, as traders watch the $82,500 support level to determine the next market phase.
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39 Articles
The sharp rise in oil prices and losses in US technology stocks increased selling pressure in the cryptocurrency market. Bitcoin traded at $82,177, while Ethereum, Solana, and other major cryptocurrencies also experienced declines.
Key Points: • Broke below $82,000, briefly falling to the $80,000 range. • Formed a double top pattern; recovery to the $82,000 neckline is key. • US government capital movements and geopolitical risks are weighing on the market. • Correction... The post Bitcoin completes double top, recovery to $82,000 is key [Rakuten Wallet Daily Report] first appeared on NADA NEWS.
Most of the major assets in the cryptocurrency market have seen a decline in value over the past 24 hours.
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