Bitcoin dips to $84,000 amid bond yield rise

Bitcoin's price has declined to $83,981.20, recording a decrease of 0.27% after approaching the $85,000 mark. This comes amid pressures from the bond market, where the yield on the 10-year U.S. Treasury bonds exceeded 5.2% for the first time since 2007, leading to a decrease in demand for cryptocurrencies. Conversely, alternative coins showed mixed movements; Ethereum, XRP, Solana, Cardano, and Dogecoin all rose, while some other coins declined. Despite these pressures, institutional flows into Bitcoin funds continued, reaching approximately $2.65 billion over five days. Meanwhile, institutions are looking to increase their liquidity through daily dividends and proposals aimed at boosting the attractiveness of Bitcoin-linked stocks.

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