U.S. Treasury yields edged higher in Asian trade on Tuesday, remaining slightly below Monday’s multiyear peaks, as tensions between Washington and Tehran over the Strait of Hormuz supported yields and weighed on risk assets. Bitcoin fluctuated between $82,807 and $84,545 as higher Brent crude prices, rising yields and geopolitical uncertainty limited its near-term upside. Oil flows through the strait and alternative routes have returned to 80% of pre-conflict levels, the Wall Street Journal reported, indicating that Iran’s ability to use maritime disruption as political leverage has weakened. The report said this loss of leverage could increase the risk of military conflict, while prediction-market pricing reflected slightly higher perceived odds that President Masoud Pezeshkian would leave office by Dec. 31. On Sept. 29, 2026, broader crypto-market liquidations erased $195 million in long positions, compared with about $125 million in short positions.