Bitcoin Drops to $84K as Bond Yields Hit 5.11%: What Next?

The post Bitcoin Drops to $84K as Bond Yields Hit 5.11%: What Next? appeared first on Coinpedia Fintech News Bitcoin (BTC) has shed 2.06% in value in the day, missing the $87,000 resistance line and pulling back to $84,425 at press time.

Other than rising speculations of increased aggressiveness in the Middle East conflict, the drop is also a short-term consequence of the recent hike in US government bond yields. Bitcoin drops amid spike …