Bitcoin steadies above $83,000 as Treasury yields and oil prices pressure markets
Bitcoin lingered near $83,100 while Zcash slumped 12% amid rising Treasury yields and Brent oil breaking $107 a barrel.
Topic
Treasury yields
Every story we have filed on Treasury yields.
3 stories
Prediction markets show roughly two-thirds chance of an October Fed hike, testing crypto’s recent rally
Polymarket assigns about a 64% probability to a 25-basis-point rate increase in October, a development that could pressure Bitcoin and other digital assets.
Bitcoin steadies near $84.5k as Treasury yields hit two-decade highs, Ondo token rebounds to $0.50
Bitcoin hovered around $84,500 while US Treasury yields reached their highest levels since 2007, and Ondo Finance’s token reclaimed the $0.50 mark.