Bitcoin Market Correction Amid Macro Volatility

Bitcoin dropped below $83,000 as surging oil prices hit $101 per barrel and 30-year Treasury yields reached their highest levels since 2002.

The top 3

  1. Bitcoin Price Drops Below $83K Threshold: Bitcoin's value experienced a sharp decline, breaking below the $83,000 support level following broad market sell-offs. Bitcoin
  2. Oil Prices Surge Past $100 Barrier: Global oil prices climbed above $101 per barrel, creating inflationary pressure that rattled equity and crypto markets.
  3. Treasury Yields Hit 2002 Historical Highs: The 30-year U.S. Treasury yield touched its highest peak since 2002, significantly increasing the cost of capital.

Sources

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