Financeupdated 1h ago2 min read
Bitcoin Slips Below $83,000 as U.S. Yields, Oil, Dollar Rise After Iran Attack Options Report
Bitcoin slips below $83,000 as U.S. yields, oil, and dollar rise. Oil surges to about $92.40 a barrel as yields climb to multi-decade highs.
Yields and oil hit crypto
Bitcoin slipped below $83,000 as U.S. treasury yields, oil and the dollar all climbed, with the U.S. 10-year Treasury yield rising to 5.352% and WTI crude jumping more than 4% over the past 24 hours to $92.40 a barrel.
Bitcoin fell 1.6% to just under $82,800 in the Asian morning as oil surged after a report indicated that the White House asked the Pentagon for attack options against Iran.
The drop took bitcoin below $83,000, the recent low that FxPro said on Tuesday would confirm that sellers had taken control.
Roughly $550 million in leveraged crypto bets were wiped out, mostly from traders betting higher prices, according to CoinGlass data.
Rates, dollar, and liquidation
El blog del Euríbor said Bitcoin fell below $83,000 this Thursday, October 8, 2026, hitting a low of almost three weeks at $82,300.5, while a prolonged rally in oil and U.S. Treasury yields reduced risk appetite across financial markets.
Bitcoin dropped 1.56% to $82,914.4 at 08:13 after briefly hitting a near three-week low of $82,300.5.
Forced liquidations totaled $555.6 million in 24 hours, with $487.2 million of that in short positions liquidated.
FxPro warned that a break below $83,000 could quickly open the door to testing the $80,000 level.
Fed minutes loom for markets
The global bond market rout was driven by growing expectations of central bank rate hikes and concerns over elevated government debt burdens, with France’s 10-year bond yield rising 6 basis points to 4.931% on Thursday.
The 10-year US Treasury yield rose 5 basis points to 5.331% on Thursday, after reaching its highest level since 2002 on Wednesday.
U.S. stock indexes fell on Wednesday morning as surging bond yields, rising energy costs, and monetary policy anxiety pressured Wall Street, with the Dow Jones Industrial Average dropping roughly 1% or more than 500 points.
Traders were waiting on the Federal Reserve’s September meeting minutes, scheduled for 2 p.m. ET release, to gauge whether the September rate hike was a one-off adjustment or a signal that more rate hikes were on the horizon.