Bitcoin slides to $83,300 as bond yields hit highest level since 2007

The move has taken the whole market with it, ether ETH $2,642.86 is down 1.55%, XRP lost 2.87% while solana (SOL) is trading at $113.14 having lost 1.61%. While the smaller tokens led a slight recovery in the European morning, they are now suffering the hardest, with NEAR and HYPE down by 3.32% and 3.94% respectively.

The dollar index (DXY) added 0.13% to 101.24 - its highest level since July, while gold is down by 0.71% to $4,257 and U.S. equity futures trend lower again. S&P 500 futures lost 0.61% while Nasdaq 100 tumbled by more than 1%.