Bitcoin fell 2.5% to $83,500 as Treasury yields and the MOVE index, a measure of expected volatility in the Treasury market, reached multiyear highs. The 10-year Treasury yield rose to 5.116%, its highest level since 2007, while the 30-year yield reached 5.419%, the highest since 2004. Ethereum and Solana declined about 3%, and XRP fell 7.5%. Initial jobless claims remained below 200,000 at 197,000, highlighting labor-market resilience amid bond-market stress. Jeff Gundlach said the Federal Reserve faces competing risks because either higher rates or cuts could worsen a separate problem. Meanwhile, Santiment said wallets holding 100 to 1,000 BTC accumulated 113,950 BTC since July 15, lifting their combined holdings 2.22% to roughly 5.24 million BTC. Bitcoin was testing the $82,500-$83,000 former May resistance band after a second consecutive daily decline, while its broader trend remained bullish, with the 20-day EMA above longer-term averages and RSI at 62.18.