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Crypto

Bitcoin Holds Above $83K Amid Rising Inflation Concerns

Guavy AI Editorial Team
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BTC ZEC
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Bitcoin held above $83,100 as rising Treasury yields and oil prices fueled inflation concerns on September 29.

Zcash dropped by 12% to around $1,380, leading losses among major tokens, while The Graph rose 18%.

Alex Kuptsikevich, chief market analyst at FxPro, said a sustained drop below $80,000 could signal prolonged weakness for Bitcoin.

The total cryptocurrency market value remained near $2.86 trillion, but the pressure is coming from bonds and oil, which have been rising steadily.

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