Bitcoin holds above $83,000 as ZEC drops 12%, oil climbs to nearly $107, and global stocks hit one-week low amid rising bond yields
Bitcoin slipped under 1% to just above $83,100 in Asian morning hours, testing last week's range floor, as the 10-year Treasury yield touched 5.25%, its highest since 2007. ZEC fell 12% to about $1,380, leading major token declines. Brent crude rose over 1% to nearly $107 a barrel for a second day, fueling inflation concerns. Global stocks, as measured by MSCI's All Country World Index, fell to a one-week low, while Nasdaq 100 futures slipped 0.3% following Monday's tech selloff. Traders are increasing bets on more Federal Reserve rate hikes ahead of Wednesday's PCE inflation data.
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