Bitcoin slips below $84,000 as bond yields and oil prices squeeze crypto
- —BTC dropped to $83,248, down 1.34% on the day
- —US 10-year Treasury yield hit 5.17%, highest since 2007
- —Brent crude rose to $98.34 a barrel amid Hormuz tensions
- —Bitcoin market cap fell to $1.67 trillion
Why it matters: High bond yields and costly oil are pulling capital away from risk assets, capping bitcoin's upside.
Source: Journal du Coin