Bitcoin Pauses Near $84k Amid Treasury Yield Surge and Bitget Hack

Bitcoin's price has stabilized near $84k as investors continue to monitor Treasury yields and the aftermath of a major hack on exchange Bitget.

The world's largest cryptocurrency fell 0.1% to $83,999.6 by 02:42 ET (06:41 GMT), despite being up 3.4% for the week.

Broader crypto prices remained largely unchanged, but still managed to post gains for the week due in part to positive sentiment from favorable U.S. regulations.

Bitget suffered a security breach that affected approximately $351.6 million in digital assets, including ether, and . The exchange has suspended withdrawals, but allowed deposits and trading to continue.

The hack is reportedly linked to a North Korean hacking group, although the perpetrators are not yet clear.