Live updates: Bitcoin slips back to $83,000 as bond yields surge to new cycle highs

U.S. Treasury yields climbed to fresh cycle highs Monday, with the 10-year yield rising above 5.25%, pressuring risk assets including bitcoin, which slipped back below $83,000. Global yields were firmer and U.S. equities traded at session lows as oil jumped roughly 3% amid Middle East headlines.

By AI Newsroom· Reviewed by Pranav, Founder & Editor-in-ChiefPublished about 3 hours agoUpdated about 3 hours ago0 views

Live updates: Bitcoin slips back to $83,000 as bond yields surge to new cycle highs

Why It Matters

Rising government bond yields increase the cost of capital and can reduce demand for risk assets, so the jump in Treasury yields is directly relevant to recent moves in equities and cryptocurrencies. The developments also come ahead of a packed U.S. data calendar and a likely Federal Reserve decision priced by markets for late October.

Key Facts

U.S. 10-year Treasury yield (mid-morning): 5.255% (up 6.6 basis points, near 20-year high)
U.S. 30-year Treasury yield: 5.565% (up 6.3 basis points)
U.S. 2-year Treasury yield: 4.933% (up 6.9 basis points)
Market-implied Fed hike probability (Oct. 28): 68.1% chance of a rate increase
Bitcoin price movement: Slipped below $83,000, down more than 2% over the past 24 hours; later quoted around $83,300 (down 1.8%)

Bond markets extended a recent rally on Monday, sending yields across the curve to new cycle highs and weighing on risk assets. The U.S. 10-year Treasury yield rose about 6.6 basis points to 5.255% mid-morning, while the 30-year yield climbed to 5.565%. Shorter-dated yields also advanced, with the two-year note up to 4.933%; market pricing implied roughly a 68.1% chance of a Fed rate hike at the central bank’s October meeting.

The move in yields coincided with weakness in U.S. equities and cryptocurrencies. Major indexes traded near session lows — the Nasdaq fell about 1% and the S&P 500 was down roughly 0.7% — and bitcoin slipped back below the $83,000 level, falling more than 2% over 24 hours before trading around $83,300 later in the session.

Oil prices surged on geopolitically sensitive headlines, briefly adding as much as 4% before trimming gains to roughly 3%, with WTI crude around $95.15 per barrel. The price jump in oil contributed to broader market risk-off flows and helped push yields higher across Europe, Japan and Australia as well.

Elsewhere in markets, firms continued to add crypto to their treasuries: Bitmine reported holdings of 6,001,302 ETH (about 4.9% of the 122.1 million ETH supply), while Strategy purchased 1,665 bitcoin for $142.7 million between Sept. 21–27 and now holds 847,666 BTC. Strive acquired 1,107 bitcoin for $94.5 million, lifting its stash to 27,462 BTC. In corporate news, Nvidia expanded its share buyback program by $150 billion, taking available authorization to $235 billion through fiscal 2028.

Security and on-chain investigators flagged ongoing laundering activity tied to a recent Bitget exploit. Analysts identified laundering groups coordinating in public channels and reported funds being routed across bridges and into mixers; CoinDesk noted one attacker-linked wallet swapped about $6.3 million of ether into bitcoin via THORChain. These developments come as traders and investors watch a busy U.S. economic calendar and the Federal Reserve’s policy outlook.