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Bitcoin falls to October low of $82,700 as Iran tensions drive bond sell-off

Bitcoin fell to $82,700 as oil rose on US-Iran war headlines and uncertainty over the Strait of Hormuz. Brent reached $102 and WTI $91 a barrel, while 10- and 30-year US bond yields hit 24-year highs of 5.36% and 5.73%. The S&P 500 dropped 0.6% after a record high.