Live updates: Bitcoin trims losses as oil eases on hopes of U.S. and Iran talks — SkimNews
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- Bitcoin traded near $82,600, down 2% over 24 hours, according to CoinDesk data
- Zcash led altcoin losses falling 7% to just above $1,540, while Dogecoin dropped 5% to about 9 cents and SOL and HYPE each lost more than 4%; Ether, BNB and XRP fell 2–4%
- Brent crude climbed toward $108 a barrel after Tehran refused to soften its demands for reopening the Strait of Hormuz, with Trump sending mixed signals on further talks
- Treasury five-year yields rose 7 basis points to 5.06%, with 10-year yields at their highest since 2007, as traders added bets on additional Fed rate hikes ahead of Wednesday's PCE inflation reading
- Nasdaq 100 futures dropped 1%, Asian chipmakers led regional declines, and gold posted its largest one-day fall in a month
- Dan Khus, chief analyst at LVRG Research, attributed the pullback to a risk-off squeeze and a $500 million-plus crypto liquidation wave clashing with elevated yields and energy prices
Why it matters: A 2% Bitcoin drop and broad altcoin selloff coincided with Brent near $108 and 10-year Treasury yields at their highest since 2007, keeping inflation sticky and pricing in a higher likelihood of an additional Fed rate hike ahead of Wednesday's PCE print.
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