Bitcoin dropped below $84,000 on Monday morning, trading at $83,248, a decline of 1.34% over 24 hours, despite a monthly gain of 7.32%. The yield on US 10-year Treasury bonds reached 5.17%, its highest level since 2007, making risk-free investments more attractive compared to a volatile asset that pays no coupon. Brent crude rose to $98.34 per barrel, while the Strait of Hormuz, through which roughly a fifth of global oil transits, remains under severe tension, fueling concerns over energy costs. Bitcoin’s market capitalization fell back to around $1.67 trillion, with aggregated trading volume between 20 and 22 billion over 24 hours.
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