Bitcoin Slips Under $82,300 as Macro Fears Build; Brent Crude Reclaims $102

Bitcoin briefly dipped below $82,300 on Oct. 8 before rebounding to around $82,500, leaving it down 1.94% over the past 24 hours, according to Huo Xing Finance. The move pushed BTC beneath the closely watched $83,000 support level. FxPro had warned that a decisive break below $83,000 could hand control back to sellers, opening the door to a quick slide toward $80,000. The pullback comes as broader macro risks intensify. Reports say the White House has asked the Pentagon to prepare military strike options against Iran. Brent crude rose about 2% to retake the $102-a-barrel level. U.S. 10-year Treasury yields climbed to 5.31%, near their highest since 2002, adding pressure to risk assets. Major cryptocurrencies were broadly weaker. XRP fell nearly 4% to $1.42, DOGE lost about 3%, and ETH declined roughly 3% to $2,570. HYPE and SOL each dropped more than 2%. Roughly $550 million in leveraged crypto positions were liquidated the prior day, with most of the wipeout in long positions. Bitcoin's back-to-back two-day decline has coincided with higher oil prices and rising U.S. yields. A move in Brent back below $100 could ease some of the current strain on risk assets.