Bitcoin Slides Below $84,000 as Markets Await Key US Inflation Data

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Bitcoin fell below $84,000 as traders adopted a cautious stance ahead of the release of the PCE inflation report, the Federal Reserve's preferred measure of inflation. Markets have been on edge following a month of oil-driven speculation around potential rate hikes. This sentiment pushed 30-year US Treasury yields to their highest levels since 2002. Investors are also watching Micron's upcoming earnings report for further market direction.

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