Bond Yields Surge: Bitcoin's Price Tumbles Below $83K

Bitcoin's price has been testing $83K in recent times, but a global bond selloff has pushed it below this threshold. The U.S. 10-year Treasury yield hit its highest level since 2007 at 5.14%, driving up government borrowing costs across the UK, Europe, and Japan.

The surge in bond yields was fueled by strong U.S. economic data, including a composite Purchasing Managers' Index (PMI) of 58.4. This has raised expectations of higher interest rates, which could impact the cryptocurrency market.

Crypto traders are now wondering if the bond selloff signals could push Bitcoin's price toward $80K. As of September 24, 2026, the BTC price was trading at around $82.9K after a rebound from its dip below $83K.