Bitcoin Reclaims $85,000 as Oil Prices and Yields Retreat

Bitcoin reclaimed the $85,000 mark on Tuesday, September 22, after oil and yields retreated.

The top cryptocurrency pushed above $85,000 for the first time in eight months and hit its highest level since January, with a minor -0.97% price correction cooling off a bullish move.

BTC price trading at $85,736 as oil prices fell back below $100 on signs of potential de-escalation tied to Iran, and the 10-year Treasury yield eased to roughly 4.96% from a recent high of 5.04%.

The same logic pulled the S&P 500 up 1.5% and the Nasdaq Composite up 2.1% on the same session, evidence that this was a cross-asset move rather than something isolated to crypto desks.