Live updates: Bitcoin steadies near $84,000 as the bond selloff pauses
Treasury yields eased from multi-decade highs and oil slipped on reports of a phased U.S.-Iran deal, with roughly $14 billion in bitcoin options set to expire on Deribit on Friday.
Source: CoinDesk
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DW NOTE
Bitcoin fell to $84,000 this week — down 19% from May's peak — as the 10-year Treasury yield hit 5.17% and the Fed's September rate hike hammered risk assets. The note calls a drop to $70,000 "painful for short-term speculators" but not bearish, citing the 2021 drawdown. In 2021, the Fed wasn't raising rates into a deficit running at $1.9 trillion.