Bitcoin fell below $83,000 during Monday’s Asia trading session, extending a retreat from the prior week’s $87,000 level. The cryptocurrency traded at $82,953 at press time, down 1.79% over the prior 24 hours, according to Binance quotes captured at 05:34 UTC.
The move came as oil and Treasury yields rose alongside Bitcoin’s decline. Brent crude futures climbed 1.6% to $106 a barrel, while the 30-year U.S. Treasury yield edged up to 5.51%. Reuters reported that the oil rise was linked to doubts over a U.S.-Iran truce, which renewed inflation concerns. Higher yields on government debt add pressure to risk-sensitive markets, though their direct role in Bitcoin’s move remains unproven.
Bitcoin had pulled back from near $87,000 the prior week and was trading in an $83,000 to $85,000 range on Friday. The sub-$83,000 price move occurred during a later Asian trading session, after Friday’s U.S. trading closed.
Spot Bitcoin ETF demand showed resilience heading into the week. On Friday, spot Bitcoin ETFs recorded net inflows of $134.5 million, according to Farside Investors. Thursday saw larger inflows of $190.7 million. The positive flows indicated demand had not turned negative before Monday’s decline.
