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

Bitcoin slid to $83,300 as the 10-year Treasury yield hit its highest level since 2007, sending U.S. stocks and crypto lower. However, Asian and European traders bought the dip, providing some support. The rise in bond yields reflects broader macroeconomic pressures, impacting risk assets like bitcoin. The market remains sensitive to yield movements, with traders monitoring for further volatility.