Live updates: Bitcoin rises above $86,000 as oil prices, bond yields retreat

Bitcoin traded just above $86,000 early Tuesday after briefly rising above $87,000 on Monday, where it encountered heavy selling for the third time since Sept. 23. Market data showed the largest cryptocurrencies were mixed over the past 24 hours, with zcash up nearly 2% and dogecoin down nearly 2%; ether, XRP and BNB each slipped less than 1%. Market participants pointed to technical levels for bitcoin: FxPro said a break under $84,000 would signal a shift in momentum to sellers, and that a further fall through the recent low near $83,000 could open a rapid move toward $80,000. The firm noted that a run of higher lows that began last week remained intact but was under threat. Risk appetite was supported by a retreat in oil and a modest drop in long-term Treasury yields. West Texas Intermediate for November delivery fell about 2.3% to $87.36 a barrel, its weakest since late August, while U.S. 10-year Treasury yields eased roughly 4 basis points to about 5.27%. Those moves coincided with gains in tech stocks and gold: the Invesco QQQ ETF hit an all-time high and gold traded just below $4,200 an ounce. Traders are also watching incoming policy signals: minutes from the Federal Reserve's most recent meeting are scheduled for release Wednesday and could influence market expectations for interest rates and borrowing costs. Separately, commentary from Treasury Secretary Scott Bessent noted that slower growth and spending restraint would reduce government borrowing, which market reports said helped pause a recent global bond selloff tied to inflation concerns and geopolitical tensions.