Bitcoin Dips as Rising Yields Pressure Crypto

Bitcoin dipped to around $84,036 after stronger-than-expected US PMI data lifted Treasury yields, reducing demand for non-yielding assets such as Bitcoin.

The US 10-year Treasury yield moved higher following markets' reassessment of inflation and interest-rate expectations.

Traders are closely monitoring the $83,000 support zone and the upcoming Bitcoin options expiry for signs of direction.

A recovery above $84,650 could signal renewed buying momentum, while a break below key support may suggest sellers remain in control.