Treasury Yields and Oil Prices Weigh on Bitcoin

Bitcoin traded near $83,244 on Wednesday as Treasury yields rose to their highest level since 2007 and the price of Brent crude exceeded $100 per barrel. The cryptocurrency market's value hovered around $2.86 trillion.

Zcash led the losers among top cryptocurrencies with a 12% decline in one day, followed by Hyperliquid at 2.7%, BNB at 1.8%, and Solana at 1.9%. However, Figure Heloc gained 5.6% near $1.00.

Investors are bracing for potential volatility ahead of key economic data releases, including the JOLTS job openings report on Wednesday and Friday's September payrolls announcement.