Bitcoin dips to $82K, weekly decline

Bitcoin's value decreased by 0.8% to approximately $82,607, heading towards a weekly loss of about 2.8%. The currency declined due to rising yields and increasing economic uncertainty, which led to a decreased risk appetite in the cryptocurrency market. Despite limited buying activity and regulatory support in the United States, pressure continued due to news of outflows from Bitcoin funds, marking the first weekly outflows in four weeks, totaling over $700 million. Currently, investors are focusing on a possible rate hike by the Federal Reserve amid concerns about its impact on the cryptocurrency market, especially following a strong performance in the third quarter.

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