Bitcoin slips below $83,000 as yields, oil and dollar climb

The latest price action offers little comfort for risk asset bulls, with U.S. treasury yields, oil and the dollar all climbing. The U.S. 10-year Treasury yield has risen to 5.352%, while the 30-year continues to set fresh highs above 5.73%.

WTI crude has jumped more than 4% over the past 24 hours to $92.40 a barrel, while Brent is also up around 4% at $105. New York Harbor ultra-low sulfur diesel (ULSD) futures have climbed a further 4% to $4.80 a gallon, adding to the surge in energy prices.

The U.S. Dollar Index (DXY) has strengthened to 102.4, adding another headwind for risk assets alongside rising yields and renewed inflation concerns.

Bitcoin has slipped below $83,000 to $82,965, almost 1% lower over the past 24 hours. Gold is holding above $4,100 an ounce, while silver has fallen to fresh lows below $59. Tech is also under pressure, with Nasdaq 100 futures down almost 1%.