QuantCapRising Treasury yields, surging energy prices and a stronger dollar weigh on bitcoin and tech, while silver falls below $59 an ounce.
Bitcoin slips below $83,000 as yields, oil and dollar climb
The latest price action offers little comfort for risk asset bulls, with U.S. treasury yields, oil and the dollar all climbing. The U.S. 10-year Treasury yield has risen to 5.352%, while the 30-year continues to set fresh highs above 5.73%.
WTI crude has jumped more than 4% over the past 24 hours to $92.40 a barrel, while Brent is also up around 4% at $105. New York Harbor ultra-low sulfur diesel (ULSD) futures have climbed a further 4% to $4.80 a gallon, adding to the surge in energy prices.
The U.S. Dollar Index (DXY) has strengthened to 102.4, adding another headwind for risk assets alongside rising yields and renewed inflation concerns.
Bitcoin has slipped below $83,000 to $82,965, almost 1% lower over the past 24 hours. Gold is holding above $4,100 an ounce, while silver has fallen to fresh lows below $59. Tech is also under pressure, with Nasdaq 100 futures down almost 1%.
1Bitcoin slips below $83,000 as Ethereum researcher's 'bunker mode' call divides crypto39 minutes ago 2Standard Chartered to expand institutional crypto and RWA custody to Singapore1 hour ago 3Greece prepares to levy 10% capital gains tax on cryptocurrency1 hour ago 4Samsung integrates USDC to overhaul cross-border remittances for 82 million Galaxy users2 hours ago 5Crypto investment firm Deus X Capital shuts down as backers pursue separate strategies3 hours ago 6Ripple is earning fees financing leveraged stock bets, a business long run by banks4 hours ago 7Bitcoin loans are paying for tuition and working capital, not just trades, lenders say5 hours ago 8Ethereum’s Glamsterdam test runs near 200 million gas per block after upgrade6 hours ago 9Bitcoin breaks below $83,000 as oil jumps on Iran strike-plan report7 hours ago 10Crypto news site Cointelegraph seeks buyer after web traffic plunges10 hours ago
The Definitive Stablecoin Landscape Series: Asia Pacific
The Definitive Stablecoin Landscape Series: Asia Pacific
As stablecoins move into regulated finance, APAC is becoming a key proving ground. This report maps the region’s rules, use cases, and RLUSD’s role.
As stablecoins move into regulated finance, APAC is becoming a key proving ground. This report maps the region’s rules, use cases, and RLUSD’s role.
Why it matters:
As stablecoins move into regulated finance, APAC is becoming a key proving ground. This report maps the region’s rules, use cases, and RLUSD’s role.
Bitcoin slips below $83,000 as Ethereum researcher's 'bunker mode' call divides crypto
Ripple is earning fees financing leveraged stock bets, a business long run by banks
Bitcoin loans are paying for tuition and working capital, not just trades, lenders say