Bitcoin falls below $83,000 as Asian markets sell, extending last week's retreat

Bitcoin fell below $83,000 during Monday's Asia session. The move took Bitcoin below the $83,000 to $85,000 range reported late last week. That range followed a pullback from near $87,000. At press time, BTC was around $82,953, down 1.79% over the preceding 24 hours. Early Monday trading put Bitcoin below the range's lower edge. Early Monday trading also saw Brent crude futures rise 1.6% to $106 a barrel, Reuters reported. The 30-year U.S. Treasury yield edged up to about 5.51%, Reuters reported. Asian shares made a cautious start. Reuters linked the oil rise to doubts over a U.S.-Iran truce. Those doubts renewed inflation concerns. The market shifts coincided with Bitcoin's decline. Farside Investors' live table showed $134.5 million in net inflows for Friday, Sept. 25. The table showed $190.7 million for Thursday when checked Monday. Both readings were positive, although Friday's amount was lower. Friday's fund data covered the final U.S. trading session before the weekend. The sub-$83,000 USDT Binance quote came during a later Asian session. Monday's order flow remained open. A recovery into Friday's reported range would make Monday's breach a short-lived dip. More trading below the range's lower edge would make the new price territory harder to dismiss.