Bitcoin’s price slipped below the $83,000 mark in October, reaching a month-to-date low of around $82,700. This decline coincided with a broader sell-off in the bond market and a reversal in stock prices after recent all-time highs, according to CoinTelegraph.
The surge in bond yields appears to have pressured risk assets, including cryptocurrencies, contributing to Bitcoin’s downward movement. The correction in stocks further added to the cautious sentiment among investors during this period.
For Japanese investors, who often monitor global bond markets closely due to their impact on domestic yields and currency flows, Bitcoin’s recent volatility highlights the interconnectedness of crypto assets with traditional financial markets.