Bitcoin trades near $82,000 as Treasury yields rise and rate worries persist
CIE News ·
Bitcoin traded between $82,000 and $82,675 on October 10, 2026, as high Treasury yields and bets on a December Federal Reserve rate hike pressured crypto markets.
Bitcoin (BTC) traded between $82,000 and $82,675 on October 10, 2026, marking a 3% to 4.5% decline over the week. The pullback followed a 25-basis-point interest rate increase by the Federal Reserve on September 16, 2026, which lifted the target range to 3.75%–4.00%. While investors price in a pause for the October 27–28 FOMC meeting with only a 16% probability of a hike, market pricing reflects a 76% to 85% probability of another 25-basis-point increase at the December 8–9 meeting.
Rising bond yields continue to compete with risk capital, with the 10-year U.S. Treasury yield surpassing 5.30%. CryptoSlate reported that CoinGlass tracked more than $1 billion in total liquidations over 24 hours around an earlier dip below $81,000 on October 8, with $930 million coming from long positions. Glassnode data indicated daily volume across spot exchanges and U.S. spot Bitcoin exchange-traded funds (ETFs) reached roughly $6.8 billion, trailing about 90% of readings recorded since January 2024.
Institutional fund flows also diverged across major tokens. According to 247wallst.com, Bitcoin ETFs recorded $244 million in net outflows on October 8, 2026, alongside $73 million in withdrawals from Ethereum (ETH) funds. Total assets in Bitcoin funds dropped from $111 billion on October 6 to $105 billion on October 8, driven by fund redemptions and falling spot valuations.