Bitcoin holds at $83K as Treasury yields surge; Lighter drops 17% on Robinhood news

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Bitcoin remained steady near $83,000 even as the 30-year U.S. Treasury yield climbed above 5.6%, signaling broader macroeconomic pressure on risk assets. DeFi tokens, which had previously gained, reversed course during the same period. Lighter, a DeFi-related token, saw a sharp 17% decline following an announcement by Robinhood regarding plans to launch perpetual futures trading in the United States. The Robinhood perpetuals offering is seen as direct competition to existing decentralized derivatives platforms like Lighter. The developments highlight how traditional finance entrants continue to influence sentiment and pricing across the crypto market.

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