Bitcoin Holds Near $84,000 as Treasury Yields Hit Multi-Decade Highs

Bitcoin remained near $84,000 as a sharp selloff in US government bonds pushed Treasury yields to levels not seen in decades, according to CryptoSlate. The benchmark 10-year Treasury yield rose to 5.22%, extending a climb that has lifted borrowing costs to their highest level since 2007. The 30-year yield reached 5.5185%, marking a new 22-year high, before trading around 5.511%. Against that backdrop, traders reduced $1.7 billion in leverage. The move in bond markets represents a significant test for risk assets, while Bitcoin’s price remained close to the $84,000 level. The report did not provide further details on the composition of the liquidated or reduced positions.