Bitcoin slides to $83,300 as bond yields hit highest level since 2007

Bitcoin fell to approximately $83,300 as surging bond yields reached their highest level since 2007, increasing competition from higher-return traditional assets. The move reflects broader risk-off pressure and reduced investor appetite for speculative assets, including cryptocurrencies. Persistently elevated yields could continue to weigh on Bitcoin until rate expectations or macroeconomic conditions become more supportive.