Bitcoin Dips Below $83,000 Amid Rising Fed Rate Hike Expectations

Bitcoin fell below $83,000 as markets priced in further Federal Reserve rate hikes, with traders betting on an additional 100 basis points of tightening by June 2027. The 10-year U.S. Treasury yield surged to 5.18%, its highest level since 2007, pressuring risk assets. Bitcoin has since recovered to the $84,000-$85,000 range, with $83,000 serving as a critical short-term support level.