Bitcoin drops 3.72% to $82,911 as 10-year Treasury yield hits 5.35%
- —BTC fell 3.72% to $82,911 after retreating from $86,600 overnight
- —Crypto market cap dropped 3.85% in 24 hours to $2.82 trillion
- —Liquidations totaled $697 million, with longs accounting for $644.5 million
- —10-year US Treasury yield topped 5.35% for the first time in 24 years
Why it matters: Rising yields and oil prices are pressuring risk assets; a close below $81,000 would open the door to $80,000 and $78,000.
Source: Blockmedia