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Shares of software companies are trading lower after Treasury yields spiked to a 24-year record and the Federal Reserve's September meeting minutes showed officials expect another interest rate hike in 2026.
Bitcoin sold off and hovered near $83,500 while U.S. stock indexes pared earlier declines after Treasury yields and oil pulled back. The move came during broader afternoon trading that also saw the Dow, S&P 500 and Nasdaq recover some ground.
Bitcoin dropped 2.9% to a session low of $82,884 as Treasury yields pushed higher and U.S. stocks weakened.
Bitcoin dropped 2.9% to a session low of $82,884 as major U.S. stock indexes and Treasury yields moved higher. The article also said Bitcoin remains more than 34% below its all-time high of $126,272.