#FedMinutesFocusOnOctoberPause Bitcoin fell as low as $83,840 after trading near $86,600 on Tuesday.
BTC briefly broke below the $84,000 support FxPro had identified as a key bearish threshold.
Brent crude climbed nearly 1% to around $101.50 amid stepped-up Iranian attacks on tankers in the Strait of Hormuz.
The U.S. 10-year Treasury yield rose to 5.31%, while the dollar strengthened.
A break below $83,000 could bring $80,000 into focus, according to FxPro.
Bitcoin slipped below $84,000 early Wednesday as rising oil prices, Treasury yields and the U.S. dollar pressured crypto markets.
BTC fell from around $86,600 on Tuesday to a low near $83,840, before recovering above $84,000.
Crypto Market Falls as Oil Rises
The broader crypto market also declined. DOGE dropped 5%, HYPE fell nearly 4%, and Ethereum lost 3.5% to around $2,610. XRP declined almost 3%, while BNB, SOL, ZEC and
BTC briefly broke below the $84,000 support FxPro had identified as a key bearish threshold.
Brent crude climbed nearly 1% to around $101.50 amid stepped-up Iranian attacks on tankers in the Strait of Hormuz.
The U.S. 10-year Treasury yield rose to 5.31%, while the dollar strengthened.
A break below $83,000 could bring $80,000 into focus, according to FxPro.
Bitcoin slipped below $84,000 early Wednesday as rising oil prices, Treasury yields and the U.S. dollar pressured crypto markets.
BTC fell from around $86,600 on Tuesday to a low near $83,840, before recovering above $84,000.
Crypto Market Falls as Oil Rises
The broader crypto market also declined. DOGE dropped 5%, HYPE fell nearly 4%, and Ethereum lost 3.5% to around $2,610. XRP declined almost 3%, while BNB, SOL, ZEC and
