Live News CRYPTO ARTICLE M impact Oct 07, 2026, 01:45 PM UTC

Bitcoin falls to around $83,200 as yields jump

Bitcoin moved down to around $83,200 as Treasury yields climbed and U.S. stocks sold off early Wednesday.

SquawkNews Desk 1 updates Updated Oct 07, 2026, 02:06 PM UTC

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02:06:15 PM UTC

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By Callum Keown The Bitcoin rally was going so well. But cryptocurrencies now face a perfect storm -- higher oil prices, rising Treasury yields, and a strengthening U.S. dollar. That tricky triumvirate was putting pressure on digital assets early Wednesday. Bitcoin fell to $83,303, down around 3.5% over the past 24 hours, according to CoinDesk data. It's still up 30% over the past three months, though. Ethereum, the second largest crypto, slipped 5% to $2,573, while popular altcoin XRP was down 5% to $1.44. Brent crude prices topped $102 a barrel, the 10-year Treasury yield rose to 5.328%, and the U.S. Dollar Index climbed to $102.40 -- on pace for its highest close since April 9, 2025. All of that meant crypto-related stocks were among the worst performing ahead of the open. Coinbase Global and Robinhood Markets were both down more than 3%, while Strategy fell 5%. Ethereum treasury company BitMine Immersion Technologies was down 5.5%. The moves come despite the odds of a rate increase later this month fading. Traders now see a 78% chance of the Federal Reserve holding rates steady, down from 62% a week ago, according to CME's FedWatch tool. That ought to be good news for digital assets, as higher interest rates tend to make alternative yielding assets relatively more attractive than cryptos. The Fed minutes later on Wednesday could yet change the picture on the path of rates. "In the near term, I am watching how Treasury yields respond to the Fed minutes and whether the long end continues to move higher," Tesseract Group analyst Oliver Carding said. "On Bitcoin, the immediate levels have shifted lower: a recovery through $86,500 to $87,000, where the market has recently struggled, would suggest buyers are absorbing the pressure from higher yields, oil and the dollar," he added. However, a break below $83,000 would open up a possible move toward $80,000, he noted. Write to Callum Keown at callum.keown@dowjones.com This content was created by Barron's, which is operated by Dow Jones & Co. Barron's is published independently from Dow Jones Newswires and The Wall Street Journal. (END) Dow Jones Newswires October 07, 2026 10:02 ET (14:02 GMT) Copyright (c) 2026 Dow Jones & Company, Inc. The statements in this document shall not be considered as an objective or independent explanation of the matters. Please note that this document (a) has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and (b) is not subject to any prohibition on dealing ahead of the dissemination or publication of investment research.

By Scott Lehtonen The Dow Jones Industrial Average and other major stock indexes moved sharply lower early Wednesday as rapidly rising Treasury yields pressured equity markets. Meanwhile, the minutes from the Federal Reserve's latest policy meeting are due later on the stock market today. 6%. 9% in morning trades.

55 a barrel. 36%. Also, bitcoin moved down to around $83,200. 9%.

5% after Wednesday's opening bell. Four Reasons To Put This Nvidia, AMD Partner On Your Watchlist Right Now NASDAQ-100 WINNERS, LOSERS: WORKDAY, ASTERA, TERADYNE Among the Nasdaq-100 stocks, Workday and Gilead Sciences rallied more than 1% each, making them some of the top performers just after the market open. Meanwhile, Astera Labs and Teradyne sold off more than 4% apiece in morning action. m.

4% in early morning action. On the downside, Caterpillar declined nearly 2%, while Nvidia and Amazon both dropped nearly 1% apiece ahead of the market open. m. ET EARNINGS MOVERS: CONSTELLATION BRANDS, NEOGEN Early Wednesday, Constellation Brands and Neogen were key earnings movers.

Shares of Constellation tumbled 7% in premarket trading while Neogen stock soared more than 14%. Top Funds Bet Billions As This AI Stock Lights Up A Buy Zone STOCK MARKET TODAY: FED MINUTES, TREASURY AUCTION NEXT The Federal Reserve plans to release minutes from its Sept. m. ET.

That meeting concluded with the first Fed rate hike since 2023. Committee members also penciled in one more hike before year-end. Further, the minutes could produce clues as to just how hard the group was or wasn't leaning in that direction. Early Wednesday, markets are pricing in 22% odds of a rate hike at the next meeting, down from 50% a week ago, according to the CME FedWatch Tool.

m. ET. Top Funds Sink Their Teeth Into Apple Stock. Sweet Breakout Ahead?

Be sure to follow Scott Lehtonen on X at @IBD_SLehtonen for more on growth stocks, the Dow Jones Industrial Average and the stock market today. com Investor's Business Daily - Your edge in the stock market This content was created by Investor's Business Daily, which is operated by Dow Jones & Co. IBD is run independently from Dow Jones Newswires and The Wall Street Journal. (END) Dow Jones Newswires October 07, 2026 09:42 ET (13:42 GMT) Copyright (c) 2026 Dow Jones & Company, Inc.

The statements in this document shall not be considered as an objective or independent explanation of the matters. Please note that this document (a) has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and (b) is not subject to any prohibition on dealing ahead of the dissemination or publication of investment research.