Bitcoin Holds Near $84K as 10-Year Treasury Yield Hits 5.22%
- —10-year Treasury yield rose to 5.22%, the highest since 2007; 30-year hit 5.5185%, a 22-year high
- —A $44 billion seven-year note auction cleared at 5.085%, the highest yield since 1993
- —Bitcoin open interest on Binance, Gate.io, HTX and Bybit dropped $1.7 billion to $10.3 billion
- —Bitcoin fell only about 2.3% from $86,000 to $84,000 while leverage contracted 14.3%
Why it matters: Yields above 5% raise Bitcoin's opportunity cost; a further rise could test support near $83,000.
Source: Cryptonews.net