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Bitcoin Holds Above $83,000 as Zcash Slides 12%

Original: Bitcoin Holds Above $83,000 as Zcash Drops 12% Amid Oil and Rate Concerns Bitcoin slipped slightly to just above $83,000

Bitcoin edged down slightly but remained just above $83,000, while Zcash dropped 12% in a broader crypto pullback. Traders are watching rising oil prices and climbing bond yields, which are fuelling concerns that the Federal Reserve could keep interest rates higher for longer, weighing on risk assets. Attention now turns to how monetary policy expectations shape crypto prices in the coming days.

Why now: Fears of Fed rate hikes driven by rising oil prices and bond yields are shaking crypto markets.

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Evidence

• Bitcoin Holds Above $83,000 as Zcash Drops 12% Amid Oil and Rate Concerns Bitcoin slipped slightly to just above $83,000 while Zcash fell 12%. Rising oil prices and bond yields fuel fears of Federal Reserve rate hikes. https:// newisty.com/blog/bitcoin-holds… · newisty

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