Bitcoin retreats to $84,000 as 10-year Treasury yield tops 5.1%

Bitcoin failed to sustain a breakout above $87,000 as the 10-year U.S. Treasury yield surged past 5.1%, reaching its highest level since 2007. The rise in yields, driven by stronger-than-expected U.S. economic data, has pressured risk assets and strengthened the dollar. Bitcoin is currently trading around $84,300, with market attention shifting to $18 billion in quarterly options expiring this Friday, which may impact volatility through Gamma and position rolling.