News · Cointelegraph

Bitcoin is rejected at $83K as US bond yields reverse higher with equities

Bitcoin failed to follow rising equities as a wall of sell orders above $83,000 across exchanges capped gains, and BTC slipped below $82,000 after Monday's Wall Street open. The Nasdaq Composite gained 1.5% and South Korea's KOSPI rose 1.76% to 5,768 points, while the US 10-year yield climbed to 5.13% and the 30-year to 5.46%, moving in step with stocks ahead of major tech earnings from Meta, SpaceX and Tesla. QCP Capital warned that a repeat of last week's tech sell-off could threaten the $80,000 support level. Crypto liquidations totaled $335 million over 24 hours, and the Binance whale ratio fell to 0.45 from 0.54 at the start of October.

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Bitcoin

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MarketCrypto
ExchangeBinance
SectorLayer 1
Market cap$1.6T
Close on 10/18/202682,116.00
Change that session+0.77%
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Ethereum

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MarketCrypto
ExchangeBinance
SectorLayer 1
Market cap$294.2B
Close on 10/18/20262,410.31
Change that session+0.31%
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