- Bitcoin dipped below $83K amid bond sell-off, hitting ~$82.9K before a rebound.
- U.S. 10-year Treasury yield hit 5.14%, the highest since 2007, raising borrowing costs in the UK, Europe, and Japan.
- For crypto traders, the key question now is whether the bond selloff signals could push BTC toward $80K.
As of September 24, 2026, Bitcoin (BTC) traded around $83,000 after a price decline driven by a global bond selloff that sent yields soaring.
Strong U.S. economic data, including a composite Purchasing Managers’ Index (PMI) of 58.4, fueled expectations of higher rates.
The U.S. 10-year Treasury yield spiked to 5.14%, its highest level since the 2007 global financial crisis, while driving up government borrowing costs across the UK, Europe, and Japan.
Bitcoin Price Prediction Today
At press time, Bitcoin was trading at $83,433.01, down 2.8% over the past 24 hours. Earlier in the session, BTC fell below $83,000, hitting an intraday low of about $82,985 amid a sharp 3.33% drop before a slight recovery.
This follows a recent rally that pushed BTC as high as approximately $87,300 earlier in the week. CoinCodex forecasts BTC at $83,473 in one month, down 1.33%; $77,119 in three months, down 8.84%; and $75,860 by the end of 2026, down 9.12% from current levels.
Why Did BTC Briefly Fall Below $83K?
BTC’s brief drop below $83K was primarily driven by a sharp rise in global bond yields and the resulting risk-off shift across markets. The U.S. 10-year Treasury yield rose to around 5.12-5.14%, the highest since 2007, and Japanese 10-year yields reached their highest levels in decades.
This sharp increase in government bond yields makes non-yielding assets like Bitcoin less attractive, as safer fixed-income assets provide higher yields with less risk. Stronger than expected U.S. business activity data also raised expectations for further Federal Reserve rate hikes.
Higher oil prices added to inflation concerns, while weak demand at a recent U.S. Treasury note auction also contributed to upward pressure on yields. Secondary factors including profit-taking after BTC’s recent rally toward $87,300 and a general reduction in risk appetite also weighed on equities and other cryptocurrencies.
How Do Bond Yields Affect Bitcoin?
Bond yields, especially those of the U.S. 10-year Treasury bond, affect Bitcoin via opportunity cost and changes in risk appetite. As yields rise, lower-risk fixed-income options become more attractive, which reduces interest in non-yielding assets such as Bitcoin. Higher yields squeeze financial conditions by increasing the cost of borrowing and reducing liquidity and leverage.
However, the long-term statistical correlation is loose. Recent analysis shows Bitcoin’s 90-day correlation with changes in the U.S. 10-year yield at only about –0.18, with longer periods, including 180-day and 1-year periods, even closer to zero.
Will BTC Fall Below $80K? Key Bitcoin Support and Resistance Levels to Watch
Bitcoin may drop below $80,000 if U.S. Treasury yields continue their rise, Federal Reserve rate-hike forecasts increase, or leveraged long trades start to unwind more quickly. With recent market moves, the $80,000 level could be tested soon.
Traders should closely monitor the support zone between $82,500 and $83,000. A firm hold could support a rebound, while a decisive daily close below it would raise the risk of a move toward $80,000. Immediate resistance stands at $85,000–$86,000, followed by stronger resistance at $87,000–$88,000. Beyond that, the next psychological barrier is $90,000.
Related: US 10-Year Yield Hits 5.1%: What Higher Treasury Yields Mean for Bitcoin, Gold and Stocks
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