Bitcoin drops more than 3% to about $83,700
Bitcoin was down more than 3% over the past 24 hours, trading around $83,700 in early Wednesday trade amid a broader bond selloff.
Bitcoin (BTC) was falling in early Wednesday trade as the ongoing global bond selloff continued to pressure both the cryptocurrency and the stock market, while also weighing on large-cap crypto equities. Bitcoin’s price was down more than 3% over the last 24 hours and was trading around $83,700 at the time of writing.