BTC Hits Roadblock at $85K Amid Soaring Bond Yields

Bitcoin's recent bounce has stalled as US Treasury yields reach multidecade highs. The 30-year yield surpassed 5.60% and the 10-year yield approached 5.26%, a level not seen since the early 2000s.

The climb in bond yields weighed on precious metals, with gold falling 3.6% to around $4,115 per ounce before partially rebounding.

Bitcoin's price slipped back under $83,000 after testing the mid-$84,000s, indicating a market driven more by macro liquidity than crypto-specific flows.