Bitcoin falls after Trump rejects Iran plan as oil and Treasury yields rise

Bitcoin fell about 1.8% to around $82,933 on Monday. Bitcoin opened the week at $84,455. It reached $84,972 in early trading. Bitcoin then fell to $82,580. It settled around $82,933, down roughly $1,523 on the day. President Donald Trump rejected Iran's seven-day plan to end hostilities and reopen the Strait of Hormuz. Brent crude rose above $100 a barrel on the news. The dollar strengthened. Treasury yields rose. Bitcoin traded near $83,000 and was down about 1.8% over 24 hours. Bitcoin's price had rallied from the mid-$70,000s to above $80,000 in August and early September. The rally later reached a high near $87,354. The 50-day moving average remained above the 200-day moving average. Bitcoin's Relative Strength Index was 58.7. Bitcoin's Average Directional Index was 43.2, above the 25 level cited as confirming a trend. BNB fell 1.98% over 24 hours and 4.28% over the week. Hyperliquid's HYPE fell nearly 4% that day and more than 6% over seven days. Zcash rose 3.61% over the week. XRP rose 1.26% over the week. Zcash and XRP were both down that day. The total crypto market capitalization was around $2.86 trillion, down 1.7% on the day. The Crypto Fear and Greed Index was 70. The Altcoin Season Index was 63. Derivatives open interest was $382.29 billion, up 8.17%. Twenty-four-hour derivatives volume rose 66.28% to $838.18 billion. Liquidations over 24 hours totaled $478 million. Long liquidations totaled $386.5 million. Short liquidations totaled $87.95 million. The liquidation split indicated that leveraged bulls were being squeezed as the market fell. Spot Bitcoin ETFs remained net positive, extending a run that began in mid-September. The article said this had kept institutional demand from cratering as prices cooled. Tuesday's data schedule included JOLTS job openings. Wednesday's schedule included the Fed's preferred inflation gauge, the PCE report. Friday's schedule included the September jobs report. The article said the data would inform the Fed's next decision. The Fed raised its benchmark rate on September 16 in a 12-0 vote. The rate rose to a range of 3.75% to 4%. Fed Governor Michael Barr said further tightening was likely needed to bring inflation back to target. Higher rates increase returns on cash and bonds, which can pull money from non-yielding assets such as Bitcoin. Higher rates can also strengthen the dollar and raise leveraged trading costs. CME FedWatch priced a roughly 64% chance of a quarter-point hike at the Fed's October 27-28 meeting. That probability was down from 75% a few days earlier.