Bitcoin hovers near $82,000 after failing to hold $83,000 as oil prices and AI stock selloffs weigh on markets

Bitcoin traded around $82,164 on Monday, just above a key technical support level at $81,603, after failing to sustain a rally above $83,000. The decline was driven by broader market pressures: oil prices neared $108 a barrel following attacks on Gulf tankers, U.S. inflation remained elevated at 3.7% in September, and 10-year Treasury yields climbed above 5%. These factors reinforced rate-hike expectations, making borrowing costlier for AI companies and weighing on risk assets. Spot Bitcoin ETFs saw net outflows of approximately $910 million over two weeks, and tech stocks including CoreWeave dropped sharply on AI-related concerns.