Live updates: Bitcoin pulls off worst levels as oil dips on Iran deal hopes

The relentless surge in Western bond yields is continuing in force on Monday, putting pressure on risk assets, crypto among them.

The U.S. 10-year Treasury yield is up 6.6 basis points mid-morning to 5.255%, a new near-20-year high. The 30-year yield is up 6.3 basis points to 5.565.

On the shorter end of the curve, the two-year yield is higher by 6.9 basis points to 4.933%, with traders now having priced in a 68.1% chance of a Fed rate hike at the next meeting on Oct. 28.

Yields are also higher across Europe, as well as in Japan and Australia.

U.S. stocks are at session lows, the Nasdaq down 1% and S&P 500 off 0.7%. Bitcoin has slipped back below $83,000, down more than 2% over the past 24 hours.

Bitmine Immersion Technologies BMNR$27.28 bought another 17,362 ETH over the past week, worth about $46.6 million pushing its total holdings above the 6 million token mark.

The Ethereum-focused treasury firm sid Monday it held 6,001,302 ETH, equal to about 4.9% of the 122.1 million ETH in circulation, according to a Monday release. At current prices, the stash is worth roughly $16.1 billion. More than 5 million ETH are currently staked.

The firm reported $17.2 billion in total crypto, cash and marketable securities, including 213 bitcoin, $672 million in cash and marketable securities and stakes in Beast Industries and Eightco (ORBS).

Oil remains sharply higher after President Trump continued banging the war drums over the weekend, but it’s giving back some gains after some headlines hit the tape moments ago.

According to a Reuters source, mediators expect to hold separate talks with the U.S and Iran early this week. Said talks will focus on an amended version of the seven-day ceasefire proposal that Iran presented at the UN last week.

WTI crude oil has trimmed a 4% gain to about 3%, trading at $95.15 per barrel. Bitcoin has edged up from its lows, now at $83,300, down 1.8% over the past 24 hours.

Money launderers handling funds from the roughly $388 million Bitget exploit are coordinating in the open, according to onchain investigator ZachXBT.

In a post on X, he said Chinese laundering groups working for the alleged North Korean attackers were “openly asking for support with orders in public Discord servers and Telegram channels” belonging to the services they use. He published handles and transaction records for five of the accounts.

The stolen funds are being hopped across blockchains through bridges, which move assets from one network to another, and deposited into mixers such as Wasabi, a bitcoin wallet that pools users’ coins together to hide where they came from, he said.

ZachXBT said he has watched this laundering pattern after several exploits attributed to TraderTraitor, the name U.S. authorities use for a North Korea-linked hacking group. One of the five accounts also laundered funds from the $292 million Kelp DAO exploit earlier this year, he said, and he plans to publish more of his data on the groups in the coming weeks.

CoinDesk separately found that a wallet linked to the attacker swapped about $6.3 million of ether into bitcoin through THORChain on Monday.

A packed week of U.S. economic data comes as Treasury yields push to new highs. The 10-year yield is at 5.230%, while the DXY dollar index is around 101. The releases will test whether the U.S. economy remains strong enough to keep upward pressure on yields.

Friday’s September jobs report is the main event. Nonfarm payrolls are expected to rise by 84,000, down from 162,000 in August, while the unemployment rate is forecast to hold at 4.1%.

Before then, Tuesday’s JOLTS report is expected to show 7.24 million job openings. Wednesday brings August core PCE inflation, forecast to rise 0.3% month over month, alongside the final estimate of second-quarter GDP growth, currently at an annualised 1.5%. On Thursday, the ISM manufacturing PMI is expected at 54.9 and the final S&P Global manufacturing PMI at 57.

Bitcoin traded near $82,600 on Monday, down 2% over 24 hours, CoinDesk data show. ZEC fell 7% to just above $1,540 and DOGE 5% to about 9 cents, while SOL and HYPE each lost more than 4%. Ether, BNB and XRP dropped between 2% and 4%. TRX held flat.

Brent climbed toward $108 a barrel after Tehran refused to soften its demands for reopening the Strait of Hormuz and President Donald Trump sent mixed signals on further talks.

Treasuries fell across the curve, with the five-year yield up seven basis points to 5.06%, as traders added to bets on U.S. rate hikes ahead of Wednesday’s reading of PCE, the inflation gauge the Federal Reserve watches most closely. Nasdaq 100 futures dropped 1%, chipmakers led declines in Asia and gold fell by the most in a month.

“Bitcoin’s pullback from last week’s highs is more likely a risk-off squeeze following a sharp four-day rally, profit-taking, and a $500 million-plus liquidation wave. This clashed with 10-year Treasury yields at their highest since 2007 and still-elevated oil prices, which together keep inflation sticky and another Fed hike in play,” Dan Khus, chief analyst at LVRG Research, said in an email to CoinDesk.

“Key events traders are watching this week include Wednesday’s PCE and Friday’s payrolls, which can push BTC to reclaim the mid-$80,000s or determine whether yields and energy keep risk assets on the backfoot,” he added.