Bitcoin Slides as U.S. Bond Yields Stabilize After Sharp Rise

Bitcoin (BTC) dropped to roughly $83,300, down about 2.5% in the past 24 hours, as the U.S. 10‑year Treasury yield steadied after a near‑20‑basis‑point surge that pushed it to its highest level in more than 19 years. The move came amid broader risk‑off sentiment in both crypto and equity markets.

Market backdrop

U.S. stock index futures indicated a second consecutive day of declines, with the Nasdaq futures down 0.9% and the S&P 500 futures off 0.5% ahead of the market open. The bond market showed little change early Thursday following the previous day's sharp sell‑off.

Crypto price action

• Bitcoin fell to about $83,300, a 2.55% decline over 24 hours.
• Ether (ETH) and Solana (SOL) each slipped close to 3%.
• XRP dropped roughly 7.5%.

Upcoming data and commentary

Thursday’s agenda includes Initial Jobless Claims, August new‑home sales data, and remarks from Federal Reserve officials. Fixed‑income manager Jeff Gundlach highlighted the policy dilemma: higher rates increase borrowing costs, while lower rates risk inflation.

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