Market News / Story
Bitcoin price drops to $82.7K October low as bond sell-off resumes on Iran nerves
Cointelegraph ·
Cointelegraph reports: Bitcoin (BTC) fell further at Wednesday’s Wall Street open as oil prices gained on US-Iran war headlines and stocks came off all-time highs. Key points: Bitcoin fell to $82,734 on Bitstamp, marking its lowest levels so far traded in October. US bond yields spiked to new 24-year highs and Brent crude oil prices rose to $102 per barrel after Iranian comments on shipments through the Strait of Hormuz. BTC price analysis warns of lackluster demand on both spot and…