Bitcoin gave back recent gains, dropping below $83,000 as sellers held resistance near $85,000. US bond yields hit multi-decade highs, with the 30-year reaching above 5.60% and the 10-year approaching 5.26%. Gold fell 3.6% on Monday to $4,115 per ounce before recovering slightly. Long-term holder supply clustered between $84,000 and $85,000 is creating significant overhead resistance. Markets expect the Fed to raise rates by 0.25% at its October meeting.
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