Bitcoin traded just above $83,100 during Tuesday's Asian morning session, testing the lower boundary of the range it had maintained over the previous week as the 10-year Treasury yield reached its highest level since 2007. The yield touched that peak on Monday before settling near 5.25% in Asian trading. Higher government-bond returns can make non-income-producing assets such as Bitcoin less attractive. Zcash fell 12% to about $1,380, leading losses among major tokens, while Solana and Hyperliquid dropped 3% to 4%. Total cryptocurrency market value was near $2.85 trillion. Brent crude rose more than 1% to nearly $107 a barrel as hopes for an imminent diplomatic breakthrough with Iran faded, adding to inflation and Federal Reserve rate-hike concerns. The next major inflation report is due Sept. 30, when the Commerce Department releases August's personal consumption expenditures (PCE) price index, the gauge the Fed watches most closely. Analysts offered differing interpretations of higher yields: Alex Kuptsikevich of FxPro expected a possible Bitcoin retest of $82,000, while Markus Thielen of 10x Research said the impact depends on whether yields rise because of monetary tightening or fiscal and term-premium concerns. Historical comparisons also differ: Bitcoin fell 64% in 2022 as yields climbed during aggressive Fed tightening, but since the end of 2023 it has roughly doubled even as the 10-year yield rose 135 basis points.