Bitcoin slides to $83,300 as bond yields hit highest level since 2007

Bitcoin slides to $83,300 as bond yields hit highest level since 2007

Summary

Bitcoin fell 1.23% to $83,344 after reversing an early recovery, as a bond selloff pushed the 10-year Treasury yield to its highest level since 2007 for a second day. Ether, XRP and Solana also declined, with smaller tokens including NEAR and HYPE posting steeper losses. The dollar index reached its highest level since July, while gold and U.S. equity futures fell.