Bitcoin holds near $84,500 as U.S. Treasury yields hit 16-year high

U.S. 10-year Treasury yields surged to 5.18%, the highest since July 2007, while 30-year yields reached 5.46%, triggering sharp moves in bond markets. Bitcoin (BTC) fluctuated intraday, briefly dipping below $83,000 before recovering to around $84,500. In a broader market downturn, Ondo Finance's ONDO led gains among cryptocurrencies, reclaiming the $0.50 psychological level for the first time since December 2025. The rally followed the launch of BlackRock-backed Ondo Intelligent Portfolios on Ethereum and BNB Chain, offering tokenized shares tracking BlackRock strategies via CoW Protocol.