Bitcoin slips under $83,000 level flagged by FxPro as Brent crude tops $102

By Khal · · 2 min read

Editorial illustration: A large gold Bitcoin coin rests on concrete steps descending toward the center, opposite a black oil barrel atop steps rising to the right, beneath a cloudy sky.
AI-generated editorial illustration · AI-generated editorial illustration · Published Oct 8, 2026, 4:06 a.m. (1 hour ago)

In brief

  • Bitcoin fell 1.6% to just under $82,800 in Thursday Asian morning hours, per CoinDesk data.
  • FxPro said Tuesday a break below $83,000 could send bitcoin to $80,000 fairly quickly.
  • XRP led major-coin losses, down nearly 4%; BNB and TRX were the only gainers.
  • Brent crude rose 2% to above $102; the 10-year Treasury yield hit 5.31%.
  • Leveraged bets worth about $550 million were liquidated a day earlier, according to CoinGlass data.

FxPro's $83,000 line gives way

On Tuesday, FxPro called $83,000 the recent low that would confirm sellers had taken control. Bitcoin's now trading below it.

The firm has also said where it thinks price goes after a break like this. A move under that level, FxPro said,

could send bitcoin to $80,000 "fairly quickly."

That's FxPro's forecast. It isn't a done deal.

The drop also came a day after about $550 million in leveraged crypto bets were liquidated (mostly from traders betting on higher prices), according to CoinGlass data reported by CoinDesk.

Altcoins fall harder

XRP led losses among the majors, down nearly 4% to about $1.42. DOGE slid 3% to just under 9 cents and ether lost 3% to about $2,570. HYPE and SOL each fell more than 2%, while ZEC slipped less than 1%.

Only two majors were green. BNB and TRX each rose less than 1%, according to CoinDesk data.

Oil, yields and an unconfirmed Iran report

Oil had several things pushing it higher. CoinDesk cited an unconfirmed report, without naming where it came from, that the White House had asked the Pentagon for strike options against Iran. A storm also shut some U.S. oil output, and Iran-backed Houthi rebels struck two airports in Saudi Arabia, killing three people.

CoinDesk said the move in crude pushed Treasury yields back toward their highest level since 2002. Equities slipped too. Wall Street benchmarks fell Wednesday, a day after closing at all-time highs, and Asian shares followed with a 1% decline, while MSCI's All Country World Index fell 0.2% and moved further from the record it had come within 1.5% of earlier in the week.

CoinDesk noted that bitcoin's last two losing days both came as oil climbed and yields rose. It said a drop in Brent back below $100 (where it traded on Tuesday) would ease that pressure. That's CoinDesk's analysis of how the markets lined up, and it doesn't establish that oil caused bitcoin's slide.

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