Bond Yields Reach 2007 Highs, Dragging Bitcoin Price Down

Bitcoin's price has taken a hit, sliding to $83,300. This comes as bond yields have reached their highest level since 2007.

The rise in bond yields has been attributed to inflation concerns and interest rate expectations. As investors seek higher returns, they are turning away from riskier assets like Bitcoin and towards safer options such as bonds.

This shift in investor sentiment has put downward pressure on the price of Bitcoin.