Bitcoin Falls Below $84,000 as U.S. Treasury Yields Reach Highest Since 2007

WHY IT MATTERS

Think of Treasury yields like the interest rate the U.S. government pays you for lending it money by buying its bonds. When that rate goes up significantly, those bonds start looking like a safer, more rewarding place to park money compared to riskier investments like cryptocurrency. This is similar to how you might move your savings from a volatile stock into a high-interest savings account if the bank suddenly offered a much better rate. Because crypto is considered a higher-risk asset, it tends to lose value when investors can earn strong returns from safer options like government bonds. This event shows how traditional financial markets and crypto markets are increasingly connected.