Bitcoin slides to $83,300 as bond yields hit highest level since 2007
The 10-year Treasury yield reached its highest since 2007, sending U.S. stocks and crypto lower before Asian and European traders bought the dip.
Source: CoinDesk
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DW NOTE
The 10-year Treasury yield hit 5.11% — its highest since 2007 — and bitcoin fell 1.23% to $83,344. This is what happens when the Fed raises rates into a supply shock: real yields rise, speculative assets get repriced, and duration-sensitive trades unwind. Bitcoin isn't a risk-off hedge; it's a liquidity-on asset, and liquidity just got tighter.