Bitcoin traded near $82,600 on Monday, down 2% over 24 hours, CoinDesk data show. ZEC fell 7% to just above $1,540 and DOGE 5% to about 9 cents, while SOL and HYPE each lost more than 4%. Ether, BNB and XRP dropped between 2% and 4%. TRX held flat.
Brent climbed toward $108 a barrel after Tehran refused to soften its demands for reopening the Strait of Hormuz and President Donald Trump sent mixed signals on further talks.
Treasuries fell across the curve, with the five-year yield up seven basis points to 5.06%, as traders added to bets on U.S. rate hikes ahead of Wednesday’s reading of PCE, the inflation gauge the Federal Reserve watches most closely. Nasdaq 100 futures dropped 1%, chipmakers led declines in Asia and gold fell by the most in a month.
“Bitcoin’s pullback from last week’s highs is more likely a risk-off squeeze following a sharp four-day rally, profit-taking, and a $500 million-plus liquidation wave. This clashed with…
