Bitcoin price drops to $82.7K October low as bond sell-off resumes on Iran nerves
Bitcoin fell below $83,000 to reach month-to-date lows as stocks reversed after all-time highs and bond yields spiked higher.
Key points:
Bitcoin fell to $82,734 on Bitstamp, marking its lowest levels so far traded in October.
US bond yields spiked to new 24-year highs and Brent crude oil prices rose to $102 per barrel after Iranian comments on shipments through the Strait of Hormuz.
BTC price analysis warns of lackluster demand on both spot and derivatives markets.
Bond yields set new 24-year high on Iran oil clampdown
Bitcoin fell below $83,000 to reach month-to-date lows as stocks reversed after all-time highs and bond yields spiked higher.
Key points:
Bitcoin fell to $82,734 on Bitstamp, marking its lowest levels so far traded in October.
US bond yields spiked to new 24-year highs and Brent crude oil prices rose to $102 per barrel after Iranian comments on shipments through the Strait of Hormuz.
BTC price analysis warns of lackluster demand on both spot and derivatives markets.
Bond yields set new 24-year high on Iran oil clampdown