Bitcoin Price Drops Below $83,000 Amid Rising Dollar and Bond Yields

Bitcoin Price — Bitcoin (BTC) dropped below the $83,000 level on October 12 as a stronger U.S. dollar and rising bond yields pressured risk assets.

The Nasdaq 100 index closed 0.7% lower on Monday, reflecting broader market weakness. Bitcoin traded near $82,700 after clawing back from session lows, while oil prices remained elevated near $93 a barrel.

Crypto-related equities also faced losses, with some mining stocks trending lower. The movement highlights the sensitivity of digital assets to shifts in traditional financial market sentiment and macroeconomic factors.

The retreat in BTC price coincides with a period of dollar strength, a dynamic that historically presents a headwind for cryptocurrencies. The broader market remains watchful of these cross-asset correlations.