Bitcoin Holds Near $84,400 as Yields and Liquidations Test the Rally
- —Bitcoin at $84,377 after retreating from $87,300
- —10-year Treasury yield rose to 5.11%, up 15 bps in a day
- —Dogecoin fell 7%; Zcash, XRP and HYPE lost 5–6%
- —About $14 billion in bitcoin options expire Friday
Why it matters: Higher yields raise the opportunity cost of holding non-yielding assets and squeeze leveraged positions; the key support zone is $83,000–85,000.
Source: Bitcoin Insider