Bitcoin Price Tumbles on Rising Yields and Strong Dollar

Bitcoin's price has taken a hit after recent highs, falling to $82,828.12 from its morning trade high of $84,457.30. This decline is attributed to several factors, including high U.S. Bond yields and a strong U.S. Dollar.

The Ethereum price has also dropped significantly, reaching $2,662.70 from its opening trade high of $2,687.59.

Analysts suggest that these headwinds may be temporary, as some traders believe Bitcoin has hit its lowest ebb and is poised for a rebound.