Bitcoin Steadies at $84K and ONDO Rallies Despite Surge in US Treasury Yields

Key Facts

1US Treasury yields hit a 19-year high on Thursday, putting pressure on risk assets.

2Bitcoin price held steady near the $84,000 level despite market volatility.

3ONDO emerged as the top performer among altcoins amid the surge in Treasury yields.

Bitcoin price held steady near the $84,000 level on Thursday despite broader market volatility. CoinTelegraph reported that US Treasury yields hit a 19-year high, putting significant pressure on high-risk assets across the cryptocurrency sector.

ONDO emerged as the top performer among altcoins amid the surge in Treasury yields, demonstrating idiosyncratic strength. This stability in Bitcoin comes even as macro pressures persist, with US yields reaching levels not seen by the market since 2007.