CoinScoopBitcoin Slips Below $83,000 as Treasury Yields Surge on Rate Hike Bets
Bitcoin fell below $83,000 as traders increased bets that the Federal Reserve will implement four additional rate hikes by June 2027. The 10-year U.S. Treasury yield surpassed 5.1%, reaching its highest level since 2007, while the U.S. Dollar Index climbed to 101. Strong economic data, geopolitical tensions, and high borrowing demand for AI infrastructure are driving yields higher, putting pressure on risk assets including Bitcoin and gold.
Summaries are written by AI from the original article. Not investment advice.