Bitcoin rejected at $83K as US bond yields turn higher with equities
- —A sell wall at $83,000 capped BTC in a narrow trading range
- —US Treasury yields reversed higher, weighing on risk assets
- —Bitcoin price action mirrored weakness in equities
Why it matters: Rising yields curb risk appetite; without a break above $83,000, BTC risks a return to the $80,000 support.
Source: Cointelegraph