Bitcoin Rebounds Above $84K Amid Rising Yields

Bitcoin has rebounded above $84,000, despite rising US Treasury yields and macroeconomic pressures. The cryptocurrency's price increase comes as Chainlink surged by 12%, outperforming other major assets.

The U.S. 30-year Treasury yield hit 5.58%, its highest level since 2002, while the 10-year yield reached 5.26%. These increases in yields often signal a stronger dollar and higher interest rates, which can negatively impact cryptocurrency prices.

However, Chainlink's strong performance suggests that some investors are still optimistic about the prospects of certain cryptocurrencies despite the macroeconomic headwinds.