BTC, ETH price news: Bitcoin slips to $83,000 as ZEC drops 12% and oil climbs again
Summary
Bitcoin fell less than 1% to just above $83,100, testing the lower edge of its recent trading range as the 10-year Treasury yield reached a level last seen in 2007. ZEC dropped 12%, while several other major tokens also declined; total crypto market value was about $2.86 trillion. Higher bond yields are making non-yielding assets less attractive, while rising oil prices have renewed inflation and Federal Reserve rate-hike concerns. Traders are watching Wednesday’s release of the August personal consumption expenditures price index. Analysts cited $82,000 as a possible retest level and said a sustained fall below $80,000 could signal prolonged weakness.
