Bitcoin holds near $84,000 as rising bond yields offset regulatory progress

Investing.com -- Bitcoin steadied around $84,000 heading into the weekend, with rising U.S. Treasury yields pressuring the cryptocurrency even as institutional demand and regulatory developments offered support. Still guessing which names to buy? Our AI rebuilds its stock picks at the start of every month. The list is beating the market by 120%. See what's on it » Bitcoin was trading at $83,981.2 as of 00:55 ET (04:55 GMT), down about 0.27% for the day. The cryptocurrency had briefly approached $85,000 Friday after dropping below $83,000 earlier in the week. The main pressure came from the bond market. The 10-year U.S. Treasury yield climbed above 5.