Bitcoin hovered near $82,000 on Monday, up about 1% for the day, following weekend attacks on oil tankers in the Persian Gulf and Russian crude facilities, which pushed Brent crude prices close to $108 per barrel. This, coupled with the U.S. 10-year government bond yield rising to 5.08% and the Nasdaq Composite Index falling over 2% last Friday (its worst weekly performance since June, dragged down by selling in AI-related stocks like AMD, which dropped 6%, and Micron, down 5.6%), put pressure on risk assets. The market is pricing in about a 15% chance of the Federal Reserve raising interest rates by 25 basis points next week, which would further impact borrowing costs for heavily indebted AI companies.