Bitcoin dropped as low as $82,776.30 today, with $969 million in crypto positions liquidated in the past 24 hours. This market turbulence follows Brent crude oil climbing above $101 a barrel and the US 30-year Treasury yield reaching 5.70%, its highest level since 2002. The movements are attributed to escalating ship attacks in and around the Strait of Hormuz, including Iran's Revolutionary Guard ordering a tanker to turn around on Monday. The Federal Reserve's September 15-16 meeting minutes are also due today.