
Bitcoin drops below $83,000 as oil surge and Fed minutes weigh on crypto
- —Bitcoin slid over 5% from $87,000 to below $83,000
- —Fed minutes show most members see another rate hike as appropriate
- —10-year Treasury yield topped 5.3%, 30-year reached 5.7%
- —Brent crude rose to $102.30 after tanker attacks and a 25% output halt in the Gulf of Mexico
Why it matters: A hawkish Fed and costly oil are pressuring risk assets; upcoming US jobless claims will shape Bitcoin's next move.
Source: BTC-ECHO