Bitcoin price drops to $82.7K October low as bond sell-off resumes on Iran nerves
60-second summary
Bitcoin falls below $83,000, hitting an October low of $82.7K as bond yields spike amid renewed Iran tensions, prompting a sell‑off in equities and a reversal from recent highs. The heightened risk appetite shift drives investors toward safer assets, pressuring crypto demand and suggesting further downside pressure on Bitcoin’s price in the coming weeks through the next quarter.
Bitcoin fell below $83,000 to reach month-to-date lows as stocks reversed after all-time highs and bond yields spiked higher.