$BTC is at ~$83.9k, down 2.8% on the day: stronger-than-expected US business activity…

$BTC is at ~$83.9k, down 2.8% on the day: stronger-than-expected US business activity pushed Treasury yields back toward 5% and flushed leveraged longs. Rate-hike odds near 64% and Brent above $106 aren't helping risk assets. Still +10% on the week. https://lypp.com/news/bitcoin-slips-below-85-000-as-5-treasury-yield-returns-to-haunt-risk-assets-d0ec5a