Bitcoin slides to $83,300 as bond yields hit highest level since 2007

Bitcoin slid to about $83,344, down roughly 1.2% since midnight UTC, as a selloff in global bonds pushed the U.S. 10-year Treasury yield to its highest level since 2007. The move pressured equities and cryptocurrencies broadly, even as Asian and European traders later stepped in to buy the dip in smaller tokens and some altcoins rallied.

By AI Newsroom· Reviewed by Pranav, Founder & Editor-in-ChiefPublished 2 minutes agoUpdated 2 minutes ago0 views

Bitcoin slides to $83,300 as bond yields hit highest level since 2007

Why It Matters

Rising long-term Treasury yields are lifting the dollar and weighing on risk assets, a dynamic that can amplify volatility in crypto markets where derivatives positioning and options expiries can further influence price swings. The interplay between bond markets, dollar strength, and crypto derivatives activity will be important for near-term market direction.

Key Facts

Bitcoin price: $83,344
Bitcoin 24-hour change (since midnight UTC): down 1.23%
U.S. 10-year Treasury yield: highest since 2007
Dollar index (DXY): up 0.13% to 101.24
Gold: down 0.71%

Bitcoin returned to roughly $83,344 after giving up earlier intraday gains, extending a two-day pullback as a bond-market selloff pushed the U.S. 10-year Treasury yield to levels not seen since 2007. The rise in yields accompanied a firmer dollar — the DXY moved to 101.24 — and pressured U.S. equity futures, with S&P 500 futures down about 0.61% and Nasdaq 100 futures falling more than 1%.

The weakness in crypto was broad-based: ether fell about 1.55%, XRP lost around 2.87%, and solana traded near $113.14 after a 1.61% drop. Smaller tokens briefly led a partial recovery during the European morning session but were again among the hardest hit later, with NEAR and HYPE down 3.32% and 3.94% respectively over the same interval.

Derivatives data showed bearish taker flow for a second day, with shorts representing over 52% of 24-hour taker volume even as open interest fell nearly 6% to $149 billion. Bitcoin futures open interest declined about 6% while BTC spot fell roughly 3% over 24 hours, a pattern consistent with real contract closures rather than new short build-up. By contrast, Binance whale long/short ratios remained above 1 (1.30), indicating some large accounts were either sidelined or leaning against the broader selling.

There were notable exceptions among tokens: litecoin rose about 8% in 24 hours, with its futures open interest measured in coins climbing to 8.96 million — the highest since Jan. 18 — which the source characterizes as genuine fresh long accumulation. Meanwhile, implied volatility for BTC and ETH stayed contained in recent ranges, but options skew flipped toward demand for downside protection in both assets. Over $17 billion of BTC and ETH options are due to expire on Deribit on Friday, a looming event that could add to near-term volatility depending on whether traders roll positions or let them settle.