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Bitcoin (BTC) trades lethargically on Wednesday, with bulls battling to defend the immediate $83,000 level as immediate support. Demand extends toward $80,000, which bulls must defend to restore the uptrend toward the September peak above $87,000.
Investing.com-- Bitcoin moved little on Wednesday amid few direct cues for cryptocurrency markets, but was sitting on sharp quarterly gains amid support from U.S. regulatory hopes.
The cryptocurrency news today reads like a stress test. Zcash dropped 12% on September 29 as Treasury yields hit levels not seen since 2007, per CoinDesk. Bitcoin slid to $83,100. Oil climbed again. The 10 year yield touched 5.27%, per KuCoin’s market recap, and the market felt it across every chart. But when you…