Bitcoin fails to sustain $85,000 breakout, and bond yield spikes are blamed

Bitcoin failed to sustain its move above $85,000 as rising bond yields pressured risk assets and reduced demand for cryptocurrencies. The yield spike likely reflected concerns over interest rates and fiscal conditions, reinforcing a broader risk-off environment. The pullback suggests $85,000 remains a key resistance level, with Bitcoin’s near-term direction dependent on bond-market stability and macroeconomic expectations.