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Bitcoin dropped below $83,000 as Brent crude moved above $102, mortgage rates reached a nearly three-year high and markets reassessed the prospect of further Federal Reserve rate hikes. Nearly $178 million in leveraged bitcoin long positions were closed during the selloff.
GSR is committing $100 million, largely through a credit facility, to Hare, a new onchain vault business being built with Turtle. Hare will initially offer Aave-based yield products for dollar stablecoins and Paxos’ tokenized gold assets.
Bitcoin fell below $84,000 as attacks on tankers in the Strait of Hormuz sent Brent crude above $101 a barrel. Smaller cryptocurrencies declined more sharply, while crypto liquidations surged 235% to $547 million amid heavier derivatives-market repositioning.
The post Bitcoin Falls Below $84K While Oil Surges Past $100 on Hormuz Crisis appeared first on Coinpedia Fintech News Bitcoin fell to $83,570 over the past 24 hours as tensions around the Strait of Hormuz pushed oil pr...
Kalshi’s 15-minute gold markets recorded 542 million contracts and an estimated $5 million in fees in September, surpassing Ether’s 318 million contracts and $2.6 million just weeks after launch. Bitcoin remained the platform’s dominant market by fees.
Bitcoin dropped below $84,000 as rising oil prices, Treasury yields and the dollar pressured risk assets after stepped-up Iranian tanker attacks. Traders are also awaiting Federal Reserve meeting minutes, while analysts are watching whether Bitcoin can hold the $83,000 level.
Bitcoin’s weak start to the week followed a softer U.S. jobs report that sharply reduced expectations for an October Federal Reserve rate hike. A new 100-day/200-day golden cross and continued bitcoin ETF inflows added to the bullish backdrop, though Bitcoin remained below $87,354.
Bitcoin gained about 43% in the third quarter as spot ETF inflows returned and futures leverage declined. The cryptocurrency now enters its historically strongest quarter, but faces substantial selling pressure near $84,000-$86,500 and macroeconomic uncertainty from elevated Treasury yields.
Petrobras is testing Cardano in two research projects covering sustainable aviation fuel and partly renewable Diesel R. The initiatives aim to prevent double counting of emissions benefits and create traceable fuel records, but no rollout timetable or covered volumes have been disclosed.
Citi and Coinbase are enabling Citi business clients to accept stablecoin payments without holding tokens, opening crypto accounts or managing wallets. Coinbase converts the assets into dollars, while Citi processes the proceeds through its banking system.
Bitcoin remained near $83,000 as rising Treasury yields and Brent crude prices strengthened expectations for another Federal Reserve rate increase. Zcash fell 12%, while the broader crypto market held near $2.86 trillion ahead of Wednesday’s key U.S. inflation report.
Goldman Sachs is bringing its roughly $100 billion FTIXX Treasury fund to eligible institutional crypto firms through Lynq. The fund will remain a traditional product, with Lynq providing a new distribution channel rather than creating a tokenized version.
Bitcoin fell about 1.8% as President Trump rejected Iran’s seven-day plan, sending Brent crude above $100 and lifting the dollar and Treasury yields. Traders now await U.S. inflation and jobs data, with markets pricing a roughly 64% chance of another Fed hike in October.
Bitcoin fell to about $83,000 as altcoins erased much of Friday’s gains, with the CoinDesk 100 down 2.6%. Rising Brent crude, weaker traditional markets and falling crypto open interest pointed to a broad risk-off move and position-closing rather than a surge in new leverage.
Bitcoin’s correlation with gold has risen to a six-year high, while the BTC-to-gold ratio has formed higher lows since February. A Bitcoin Magazine analysis says BTC is nearing positive territory against the precious metal.
Bitcoin rose to $84,000 as Brent and WTI oil prices slid following Axios and CBS reports pointing to positive movement in U.S.-Iran negotiations.
Traders see four Federal Reserve rate hikes by June 2027 as the likeliest path, while rising bond yields and a stronger dollar weigh on bitcoin, which has fallen below $83,000, and gold.
Dogecoin dropped 8% and bitcoin fell below $84,000 as Treasury yields reached their highest level since 2007. A rebound in oil, strong U.S. business data and a weak five-year note auction pushed borrowing costs higher.
