Live news: Risk assets under pressure as bond selloff and oil rally intensify
CoinDesk 2026-10-08 10:44:47
Context: The cryptocurrency market is experiencing significant pressure as a bond selloff and oil rally intensify, with various developments emerging across the industry. The market is reacting to multiple factors, including changes in the value of Bitcoin and Ethereum, regulatory updates, and company-specific announcements. These developments are influencing the broader risk asset landscape.
Key Facts
- Bitcoin's value has slipped below $83,000, influenced by a report of a potential Iran strike, which has also driven an oil price jump.
- Standard Chartered plans to expand its institutional crypto and Real-World Asset (RWA) custody services to Singapore.
- Greece is preparing to introduce a 10% capital gains tax on cryptocurrency transactions.
- Samsung is integrating USDC stablecoin to enhance cross-border remittances for its 82 million Galaxy users.