Bitcoin’s usual lifeline is failing as a bond market warning puts $80,000 at risk
Bitcoin briefly fell below $81,000 on Oct. 22 as stocks, gold and silver also sold off, while Treasury yields dropped and Brent crude rose above $111 amid supply concerns. The unusual combination suggests investors may be seeking bonds as a safe haven while reducing risk exposure, though the price moves alone cannot confirm the cause. Rising oil prices sustain inflation and rate-hike concerns, limiting the usual support for gold from falling yields. Meta’s higher capital-spending outlook, negative free cash flow and falling shares added to concerns about corporate financing, though evidence of broader credit stress remains limited. Bitcoin’s key support lies around $80,000–$81,500, near the average cost basis of ETF and corporate holders; a close below $80,000 could bring $77,600 into focus. Upcoming economic readings and the Fed’s Oct. 28 decision may clarify the market outlook.
