Bitcoin traded just above $83,100 as Brent crude rose over 1% toward $107 per barrel and the 10-year Treasury yield climbed to levels last seen in 2007. The moves boosted expectations for Fed rate hikes ahead of upcoming PCE data, adding pressure across risk assets. ZEC dropped 12% in the same session.
What it moves
BTC, ZEC, hyna:BTC, hyna:ZEC, xyz:USOIL, xyz:BRENTOIL, flx:OIL, km:USOIL, mkts:USOIL, para:10Y
Bull vs bear
Bulls see the dip as temporary macro noise with BTC holding the $83k zone as support before PCE prints potentially ease yield pressure. Bears argue rising oil and 2007-level yields signal sticky inflation and tighter policy, keeping crypto capped until risk appetite returns.