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Bitcoin stalls below $85K as bond yields hit 24-year highs, pressuring crypto markets.

Market News
07 Oct 2026
CoinMarketCap
View Source
Neutral
Bitcoin stalls below $85K as bond yields hit 24-year highs, pressuring crypto markets.

Bitcoin failed to hold above $85,000 on October 7, with large-cap altcoins dropping 3-5% amid rising US Treasury yields hitting 24-year highs. The 10-year yield reached 5.307% and the 30-year yield 5.688%, raising concerns ahead of key economic events like the 10-year note auction and FOMC minutes release. Despite this pullback, October remains historically bullish for Bitcoin, supported by positive regulatory developments and expectations that the Federal Reserve will hold interest rates steady ahead of the US midterm elections. Investors are watching for potential upside targets of $90,000 to $100,000, though risks remain from possible rate hikes after November and market volatility in Q4.

Bitcoin is trading at Rp1.488.268.282 on Pluang, down 2.81% in the last day, with a market cap of Rp29.940,04 trillion. Buy orders dominate at 63%, and the typical hold time is 111 days. These figures are current as of Oct 08, 2026 04:42 WIB.

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