Bitcoin breaks below $83,000 as oil jumps on Iran strike-plan report
Bitcoin has slipped under a level FxPro says opens a "quick path to $80,000." Brent crude climbed above $102 and pushed Treasury yields back toward their highest since 2002.
Source: CoinDesk
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DW NOTE
Bitcoin fell 1.6% to $82,800 after breaking the $83,000 support FxPro identified as the threshold for a "quick" drop to $80,000. The move came as Brent climbed above $102 and the 10-year Treasury yield pushed back toward 5.3% — both pressure points for risk assets when real rates are rising and energy costs are spiking. $550 million in leveraged long positions got wiped out in the selloff, most of them betting prices would go higher.