Crypto
Rising Treasury Yields Weigh on Bitcoin Price as Reserves Decline
Bitcoin's price slipped to around $83,100 as rising U.S. Treasury yields pressured risk assets and pushed BTC toward the lower edge of its recent trading range.
The 10-year Treasury yield reached 5.27%, its highest level since 2007, after investors reassessed rate expectations globally.
Binance's Bitcoin reserves fell by approximately 23,000 BTC between September 21 and September 28, according to CryptoQuant.