Bitcoin fell 2.3% to $83,570 by 09:20 ET on Thursday after recording strong third-quarter gains, as rising Treasury yields revived concerns about further Federal Reserve interest-rate increases. The token had reached $85,600 on Wednesday after the U.S. PCE price index came in slightly below expectations, prompting hopes that cooling inflation could reduce the need for additional hikes. Those gains were later curtailed as Treasury yields reached fresh multi-year highs, while optimism around artificial intelligence and Micron’s strong earnings redirected flows toward technology and chip stocks. Markets are now awaiting Friday’s U.S. nonfarm payrolls data for August, while dovish comments from a Federal Reserve official reduced bets on an October rate increase. OpenUSD, a stablecoin (cryptocurrency designed to maintain a stable value) backed by Visa, Mastercard, Stripe and Coinbase, began operating Wednesday on Ethereum, Solana, Coinbase’s Base and Stripe-backed Tempo. Open Standard CEO Zach Abrams said the company is targeting banking, cross-border payments, card settlement, institutional trading and lending, and has more than 140 partners including BlackRock, BNY and Standard Chartered. Ether slipped 1.6% to $2,682 after gaining about 70% in the third quarter; XRP and Dogecoin each fell 3.9%, Solana dropped 4.5%, Cardano lost 3.6%, BNB declined 1.2%, and $TRUMP fell 2.8%.