Bitcoin fell to an intraday low near $83,200 on September 23-24 after retreating roughly 4% from a recent peak near $87,000, as the U.S. 10-year Treasury yield climbed to 5.11%-5.13%, its highest range since 2007. The selloff followed stronger-than-expected U.S. business activity data, with the S&P Global flash composite PMI reaching 58.4, its strongest level since July 2021, while oil prices moved above $100. Fed Governor Michael Barr's comments added to expectations for further policy tightening, with markets placing the probability of an October 28 rate increase at roughly 70%-75%. The global cryptocurrency market capitalization declined about 3.4% to roughly $2.92 trillion, and about $617 million in crypto derivatives positions were liquidated over 24 hours, including approximately $546 million in longs. XRP, Ethereum, Solana and Dogecoin also fell. U.S. spot Bitcoin ETFs continued to attract capital, recording more than $2.3 billion in net inflows over four consecutive trading days leading into the decline, including $346.9 million on September 23. Bitcoin's decline left it trading around $83,000-$84,000, more than 30% below its approximately $126,000 peak in October 2025. The token had previously fallen more than 50% from that record during the worst selloffs earlier in 2026 and at one point traded below its 200-week moving average during an earlier yield-driven retreat. Traders are focused on the October 28 Federal Reserve meeting, Treasury yields, dollar strength and whether Bitcoin can hold the low-$83,000 area.