Live updates: Bitcoin breaks lower from recent trading range, sliding back to $82,000

liveLive news: Risk assets under pressure as bond selloff and oil rally intensify

Rising Treasury yields, surging energy prices and a stronger dollar weigh on bitcoin and tech, while silver falls below $59 an ounce.

By James Van StratenEdited by Jamie CrawleyMake preferred on Share this article5 minutes ago· 8:32 a.m. EDTStephen AlpherShare this post

Initial jobless claims remain subdued

U.S. initial jobless claims slipped to 197,000 last week from 199,000 previously. Economist forecasts had been for a slight rise to 200,000.

Jobless claims have remained at historically low levels for months now, suggesting either the labor market remains very strong or that they’re no longer a viable economic indicator.

1 hour ago· 7:01 a.m. EDTJames Van StratenShare this post

Bitcoin slips below $83,000 as yields, oil and dollar climb

The latest price action offers little comfort for risk asset bulls, with U.S. treasury yields, oil and the dollar all climbing. The U.S. 10-year Treasury yield has risen to 5.352%, while the 30-year continues to set fresh highs above 5.73%.

WTI crude has jumped more than 4% over the past 24 hours to $92.40 a barrel, while Brent is also up around 4% at $105. New York Harbor ultra-low sulfur diesel (ULSD) futures have climbed a further 4% to $4.80 a gallon, adding to the surge in energy prices.

The U.S. Dollar Index (DXY) has strengthened to 102.4, adding another headwind for risk assets alongside rising yields and renewed inflation concerns.

Bitcoin has slipped below $83,000 to $82,965, almost 1% lower over the past 24 hours. Gold is holding above $4,100 an ounce, while silver has fallen to fresh lows below $59. Tech is also under pressure, with Nasdaq 100 futures down almost 1%.