Bitcoin Surges Above $84,000 Amid Rising US Treasury Yields

Bitcoin rebounded above $84,000 after dipping to around $82,500 due to rising U.S. Treasury yields and a strengthening dollar.

The yield on 10-year U.S. Treasury bonds remains at 5.27%, the highest in 19 years, while Brent crude is trading again above $106 per barrel, fueling inflation concerns.

Recent data from Glassnode indicates a mixed market structure, with continued capital inflow into Bitcoin but also intensified profit-taking and selling pressure in derivatives.