Analysis: Bitcoin hovers near $83,000 as a stronger dollar weighs on market sentiment.

PANews October 12 news, according to CoinDesk, affected by a stronger dollar and rising U.S. Treasury yields, market risk appetite has come under pressure. Bitcoin is currently fluctuating above $83,000, while gold is around $4,180 per ounce, with both down about 0.5%. The market opened the week cautiously, with U.S. tech futures slightly lower and WTI crude oil rising above $92 per barrel. As bond prices fell, U.S. Treasury yields continued to rise, after the long-term Treasury ETF TLT briefly rebounded by more than 2% in the latter half of last week. The U.S. Dollar Index (DXY) is currently holding above 102.4. This week, the market focus is on U.S. inflation data, with core inflation expected to rise 2.5% year-over-year in September and headline inflation expected to rise 3.7% year-over-year, picking up from the previous month.

PANews October 12 news, according to CoinDesk, affected by a stronger dollar and rising U.S. Treasury yields, market risk appetite has come under pressure. Bitcoin is currently fluctuating above $83,000, while gold is around $4,180 per ounce, with both down about 0.5%.

The market opened the week cautiously, with U.S. tech futures slightly lower and WTI crude oil rising above $92 per barrel. As bond prices fell, U.S. Treasury yields continued to rise, after the long-term U.S. Treasury ETF TLT briefly rebounded in the latter half of last week, gaining more than 2%.

The U.S. Dollar Index (DXY) is currently holding above 102.4. This week's market focus is U.S. inflation data, with core inflation expected to rise 2.5% year-over-year in September and headline inflation expected to rise 3.7% year-over-year, rebounding from the previous month.