Bitcoin drops 2.4% to $84k as US Treasury yields hit multi-decade highs

Bitcoin fell 2.4% to $84,127, reversing recent gains, as long-term US Treasury yields surged to levels not seen since 2007 (10-year at 5.15%) and 2004 (30-year at 5.44%). The move is attributed to rising yields, which increase the opportunity cost of holding non-yielding assets like Bitcoin. This marks a notable pullback after a strong rally, signaling sensitivity to macro rates.