Bitcoin Holds Near $83,800 as Gold Slumps and US Yields Hit 2002 Highs
- —BTC at $83,842 on Binance (+0.46% in 24h), ETH $2,687, XRP $1,498
- —$261.2M liquidated in 24 hours, 64.6% longs, including $47.14M in BTC
- —Gold fell 3.73% to $4,127.30/oz while BTC lost just 1.15%
- —Open interest in $90,000 BTC call options reached $2.45B on Deribit
Why it matters: Bitcoin is outperforming gold and the S&P 500 despite record Treasury yields, reinforcing its appeal as a hedge asset.
Source: Blockmedia
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