Bitcoin fell below $81,000 on Thursday, putting pressure on a closely watched $82,500 support level as crude oil prices climbed on reports that the United States could be preparing for further military strikes against Iran. The market moves came alongside a sharp rise in long-term US Treasury yields and renewed expectations of additional Federal Reserve interest-rate increases.
According to Cointelegraph, BTC/USD dropped to $81,000 on Bitstamp, its lowest level since Sept. 21. The decline placed Bitcoin near a technical level that traders have been monitoring during its broader recovery from multiyear lows near $57,000.
The simultaneous rise in oil and bond yields created a more difficult backdrop for risk-sensitive assets. Higher energy prices can intensify concerns about inflation, while higher interest rates generally increase the cost of holding speculative investments. The developments did not establish a new policy direction, but they added to pressure already visible in Bitcoin’s price action.
Oil climbs as reports point to possible further military action
WTI crude reached $93.20 a barrel, its highest price since Oct. 2, while Brent crude rose to $105.88. The gains followed an NBC News report citing a Pentagon official and a person familiar with the matter, which said the US could be preparing fresh military strikes against Iran.
The reports came as markets assessed conflicting signals about the possibility of a diplomatic resolution. Speaking to supporters at a rally in San Antonio, Texas, US President Donald Trump said Middle East envoy Steve Witkoff was making progress with Iran on a peace deal. Trump also said he had little personal interest in a diplomatic outcome, according to comments quoted by the Independent, and said he expected the conflict to end “very soon.”
For financial markets, the uncertainty surrounding the conflict remained central. Oil prices responded to the possibility of disruption linked to military action, while investors also considered the potential effects of more expensive fuel on inflation and interest rates.
Bond yields and rate expectations add to pressure
The yield on the US 30-year Treasury bond reached 5.73%, a new 24-year high, before easing to 5.65%. Bond yields and prices move in opposite directions, so the increase reflected continued selling pressure in long-term government debt.
Federal Reserve Governor Christopher Waller also contributed to the rate-sensitive market environment. In a speech at a Central Bank of Turkey forum in Istanbul, Waller said that, if economic data continued to develop as expected, he anticipated more rate increases to help return inflation to the Fed’s 2% target in a timely way.
Waller said the increases did not have to take place at consecutive policy meetings, but that they should be implemented within an acceptable period. His comments helped reinforce expectations that borrowing costs could remain higher for longer if inflation pressures persist.
Data from CME Group’s FedWatch Tool showed that market expectations for a 0.25 percentage-point increase at the Federal Reserve’s December meeting rose above 70% on Thursday. Expectations for the October meeting continued to favor leaving the federal funds target range unchanged at 3.75%-4%.
Bitcoin support level becomes the focus
Bitcoin’s move below $82,000 increased attention on the $82,500 level. Traders have treated that price as an important point in determining whether the cryptocurrency can build a new market structure during its recovery.
Trader and analyst Rekt Capital described Bitcoin as being in a transitional phase and called approximately $82,500 the deciding level for the next structure in its price movement. The level has also been viewed as significant because of similarities between the current rebound and the market’s behavior near the end of the 2022 bear market.
The decline also affected leveraged positions across the crypto market. CoinGlass data cited in the report showed approximately $430 million in crypto long positions had been liquidated at the time of writing. A long liquidation occurs when an exchange closes a leveraged position after the market moves against the trader.
Moneyiar market picture
Moneyiar data at 21:39 on Oct. 8, 2026, showed Bitcoin at $81,671.14, down 1.88% over 24 hours and 3.36% over seven days.
Other listed assets showed mixed performance:
- NEAR Protocol was at $4.5281, down 14.26% over 24 hours and 5.34% over seven days.
- Lighter was at $3.6187, up 1.18% over 24 hours but down 4.72% over seven days.
- Ontology was at $0.06010, up 3.78% over 24 hours and 3.06% over seven days.
These figures capture market conditions at the stated Moneyiar timestamp, while Bitcoin’s immediate direction remained tied to the $82,500 support area, developments in oil prices and changing expectations for US monetary policy.
