Bitcoin Falls to Around $81,000 as High Oil Prices and U.S. Treasury Yields Weigh [Crypto Briefing]

[Financial News] Bitcoin fell to around $81,000 amid external uncertainties, including surging international oil prices and rising U.S. Treasury yields.
According to CoinMarketCap, a global crypto asset information platform, Bitcoin was trading around $81,000 at 10:55 a.m. that day, down 1.36% from the previous day (over a 24-hour period).
Bitcoin was trading at around 109 million won on the Korean won market. The Korea premium was 0.90%, according to Cryprice, a global crypto asset market comparison platform.
International oil prices are seen as weighing on investor sentiment as they remain elevated amid geopolitical tensions in the Middle East. According to foreign media reports, Brent Crude Oil futures were trading at around $109 a barrel on the 20th (local time). The previous day, they rose as high as $110.70 intraday, reaching their highest level in five months. Rising U.S. Treasury yields are also a source of pressure. On the 19th (local time), the yield on 10-year U.S. Treasury notes rose to around 5.14%.
The Crypto Fear and Greed Index provided by CoinMarketCap stood at 48 that day, indicating “Neutral.” The index ranges from 0 to 100; readings closer to 0 are interpreted as “Extreme Fear,” while those closer to 100 indicate “Extreme Greed.”
At the same time, Ethereum was trading around $2,379, down 1.64% from the previous day. Ripple was trading around $1.29, down 1.20%.

[email protected] Lim Sang-hyeok Reporter