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BusinessActive today · day 5

Bitcoin sinks below $83k as Iran tensions and rate hike bets mount

Rising Treasury yields and stalled U.S.-Iran negotiations push crypto down amid broad risk-off sentiment.

newest coverage 4h agosummary written 21h ago6 pieces Google NewsNewswiresMastodon

What to know

  • Bitcoin fell to $82,600 on Monday (down 2% in 24 hours), extending losses from rising Treasury yields now at their highest since 2007 (10-year at 5.23%) as traders price in additional Federal Reserve rate hikes.
  • U.S.-Iran negotiations have stalled after Trump rejected Tehran's peace proposal; the impasse over the Strait of Hormuz and continued Houthi-Saudi hostilities are driving Brent crude toward $108, fueling inflation fears.
  • Higher interest rates and energy costs create dual headwinds for speculative assets: yields make government debt more attractive while sticky inflation keeps central banks hawkish, pressuring crypto and tech broadly.
  • Key economic data this week—Wednesday's PCE inflation gauge and Friday's jobs report—will determine whether Bitcoin can reclaim mid-$80,000s or remain under pressure from macro headwinds.

“Key events traders are watching this week include Wednesday's PCE and Friday's payrolls, which can push BTC to reclaim the mid-$80,000s or determine whether yields and energy keep risk assets on the backfoot.”

Dan Khus, Chief analyst at LVRG Research · CoinDesk ↗ · Sep 27

Donald TrumpDonald Trump U.S. PresidentDan Khus Chief analyst at LVRG ResearchFederal Reserve Central bankBank of Japan Central bank

Bitcoin sinks below $83k as Iran tensions and rate hike bets mount
Investing.com News

How it unfolded 4 developments, newest first · click a bar or a number to jump articlesposts

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Sep 24Sep 25Sep 26Sep 27yesterdaynow · 4:41 AM ET
  1. 3

    Analyst flags key economic data as determine for Bitcoin's near-term direction

    Dan Khus of LVRG Research identified Wednesday's PCE inflation gauge and Friday's payrolls report as critical events that could either push Bitcoin to reclaim mid-$80,000s or keep risk assets under pressure from yields and energy costs.

    “Bitcoin's pullback from last week's highs is more likely a risk-off squeeze following a sharp four-day rally, profit-taking, and a $500 million-plus liquidation wave.”
    — Dan Khus, Chief analyst at LVRG Research · source
  2. 4

    Bitcoin breaks below $83,000 as oil climbs and rate hike bets intensify

    Bitcoin traded near $82,600, down 2% over 24 hours, as Brent approached $108 a barrel following Iran's refusal to soften demands on the Strait of Hormuz. Traders added to bets on another Fed rate increase ahead of Wednesday's PCE inflation data and Friday's jobs report. ZEC fell 7%, DOGE dropped 5%, and SOL and HYPE each lost over 4%.

    1. 1 outlet Live updates: Bitcoin sinks below $83,000 as Iran talks stall and oil climbs

      first by CoinDesk, 22h ago

      1 more headline
  3. 2

    Bitcoin slides further to $83,061 amid Iran stalemate and yield surge

    Bitcoin fell 1.7% to $83,061.4 as Treasury yields jumped past 5% and U.S.-Iran negotiations stalled. Trump rejected Tehran's peace proposal and did not rule out further military action. The 10-year yield reached 5.23% by late Monday, while Brent crude climbed toward $108 a barrel.

    “Bitcoin fell on Monday, extending losses from over the weekend as surging Treasury yields and few signs of progress towards a U.S.-Iran peace deal dented appetite for risk-driven markets.”
    — Investing.com
    1. 1 outlet Bitcoin falls to $83k amid pressure from high yields, Iran tensions

      first by Investing.com News, 1d ago

  4. 3 days quiet
  5. 1

    Bitcoin falls 4% as Treasury yields hit 2007 high

    Bitcoin dropped nearly 4% to $83,881 as U.S. 10-year Treasury yield climbed to levels last seen in 2007, driven by market expectations of further Federal Reserve rate hikes to combat inflation.

    1. 1 outlet first by Moneycontrol.com, 5d ago · read ↗