Bitcoin Price Takes Hit from Rising Yields and Oil Prices

Bitcoin's price fluctuated near $83,158 on September 29, marking a 0.12% decline from the previous day's value.

The cryptocurrency's market performance was affected by higher US Treasury yields and oil prices, which are contributing to inflation pressures.

Nischal Shetty, Founder of WazirX, noted that resilient growth supports crypto demand, but macro pressure and tighter policy limit near-term momentum across markets.

Market analysts suggest investors should avoid chasing short-term moves and watch the 82,000-83,000 support zone closely.