According to CoinMeta, Zhitong Finance has learned that cryptocurrencies such as Bitcoin and Ethereum saw a collective decline on Thursday, which cooled down the recent upward trend that pushed Bitcoin to an eight-month high. After Bitcoin rose 9% in the past week and broke through $87,000 earlier this week to reach an eight-month high, it began to face pressure from rising international oil prices and the simultaneous strengthening of long-term U.S. Treasury yields driven by the U.S. dollar, which have remained above $100. The $100 oil price level can be said to have transmitted global macroeconomic pressures into the crypto market.