Bitcoin on Track for Weekly Loss as Macroeconomic Headwinds Loom

Bitcoin staged a modest recovery on Saturday, October 10, but remained on track for a weekly decline as rising oil prices, higher U.S. Treasury yields, and renewed cryptocurrency security concerns continued to weigh on market sentiment. Bitcoin, the world’s largest cryptocurrency by market capitalization, was trading at $83,025.40 at 14:23 ET (18:23 GMT), up 0.7% over the previous 24 hours. The digital asset traded between $82,537.70 and $83,164.10 during the session, recovering some ground after a difficult week. Despite Saturday’s gains, Bitcoin remained well below the $87,000 level reached the previous Sunday.