Bitcoin Falls Below $83,000
Bitcoin started the week under pressure, falling below the $83,000 level. According to CoinDesk, the move came as oil prices approached $108 per barrel, U.S. Treasury yields climbed and traders increased bets on another Federal Reserve rate hike. Uncertainty surrounding Iran negotiations also contributed to a broader risk-off mood across financial markets. Traders are now watching upcoming U.S. macroeconomic data, including the PCE inflation report and the September jobs report. These releases could influence the dollar, bond yields and demand for risk assets such as cryptocurrencies. For users of xbit.money, higher volatility makes it especially important to monitor BTC rates before exchanging or transferring funds.