Bitcoin Slides as Bond Yields Surge

Bitcoin fell to $83,500, down 2.55% in 24 hours, as the U.S. 10-year Treasury yield jumped nearly 20 basis points to its highest level in over 19 years. Ether and Solana dropped about 3%, XRP 7.5%, and Nasdaq futures lost 0.9%. Traders now price four Fed rate hikes by June 2027.