Bitcoin drops below $83,000 as crypto liquidations surge

1050 ET - The macroeconomic signals seen in trading this week are taking a toll on major cryptocurrencies. "Today's sell-off looks macro-triggered but crypto-amplified," says Lacie Zhang of Bitget Wallet. Zhang cites new record-high Treasury yields and its corresponding push on the U.S. dollar as factors directly pressuring bitcoin and other digital assets--with overall investor sentiment favoring yield-bearing safe assets. Additionally, low trading volumes in crypto have made the moves look sharper, Zhang adds. Bitcoin falls by 3% to $83,098, ethereum is down 5% to $2,564, XRP slides 4.7% to $1.43, and solana is off 4.2% to $115.98. (kirk.maltais@wsj.com) (END) Dow Jones Newswires October 07, 2026 10:50 ET (14:50 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.