Bitcoin Defies US Stock Market Decline as US 10-Year Yields Reach 19-Year High

US 10-year bond yields reached a 19-year high, causing the US stock market to decline. In contrast, Bitcoin remained resilient and successfully defended the key $83K level.

The news came as Strategy, a financial institution, made a significant purchase of 1,665 Bitcoin, worth $142.7 million. This move added to its holdings, bringing the total to 847,666 BTC.

The institution also repurchased $151.7 million of STRC shares. The Bitcoin price held firm, despite the bearish trend in the US stock market.