Bitcoin fell below $83,000 on Thursday morning as rising oil prices and bond yields put pressure on risk assets.
In its Thursday premarket report, Reuters put Brent crude above $105 a barrel, up roughly 4.9%, and the U.S. 10-year Treasury yield around 5.32%. At 8:33 a.m. ET, Dow futures were down 0.72%, S&P 500 futures 0.41% and Nasdaq 100 futures 0.68%.
Those figures capture the October 8 premarket session. Rising borrowing costs were weighing on investors’ willingness to pay for future growth.
The ETF Flows Add Another Pressure Point
U.S. spot Bitcoin ETFs recorded $487.1 million in net outflows on October 7, the largest daily withdrawal since June 25, according to SoSoValue data reported by CoinDesk.
CoinDesk put October's cumulative flow at a $165.6 million net outflow after approximately $2.65 billion came in during September. One session does not establish a lasting trend, but it shows how quickly the institutional demand picture can change.
Its morning market coverage also reported Bitcoin slipping below $83,000. That left Bitcoin below the roughly $87,000 level it had approached earlier in the week.
Why Oil Matters to Crypto
Higher energy prices can make inflation harder to bring down. That can complicate expectations for interest rates and keep government bonds competitive with riskier investments.
Bitcoin produces no contractual interest payment. Technology shares often depend on expectations about earnings years ahead. When investors can earn more on bonds, both face a tougher comparison—even though their underlying businesses and investment cases differ.
That connection was central to Blockster's September market report: digital assets and intelligent-software infrastructure sit inside a wider economic cycle.
What to Watch Through the Trading Day
The useful questions are whether oil holds its gains, whether yields stabilize and whether ETF demand returns. A bounce in one asset is more convincing if the conditions behind the selloff also improve.
For readers comparing the platforms that now carry crypto alongside stocks, Blockster's exchange guide explains the product differences. Today’s selloff is a reminder that holding both technology shares and crypto can still leave a portfolio exposed to the same pressures from oil, inflation and interest rates.
Reporting by Lidia Yadlos
