Bitcoin survives a 5.2% Treasury shock as traders slash $1.7 billion in leverage

Bitcoin is holding near $84,000 despite a historic US bond selloff driving Treasury yields to multi-decade highs. The benchmark 10-year Treasury yield rose to 5.22%, extending a move that pushed borrowing costs to their highest level since 2007. The 30-year yield hit a fresh 22-year high of 5.5185% before trading around 5.511%.