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Bitcoin Falls Under $83,000 on Oil Spike, Rising US Borrowing Costs

Bitcoin Magazine·October 7, 2026·1 min read
Bitcoin Falls Under $83,000 on Oil Spike, Rising US Borrowing Costs

Bitcoin fell under $83,000, down nearly 4% as most assets experienced a selloff. The decline was driven by an oil price spike and rising U.S. borrowing costs. The drop reflects broader market pressure, with risk assets retreating amid economic concerns.

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