Bitcoin hovered around $83,400, with the market focusing on the surge in Treasury yields and tensions between the United States and Iran

On Tuesday, Bitcoin's trend was stable, but the recent decline has put pressure on it. The continued rise in Treasury yields and the lack of easing of tensions between the United States and Iran have caused investors to generally avoid risky assets.
As of 2:07 a.m. Eastern Time (14:07 p.m. Beijing time), Bitcoin, the world's largest cryptocurrency, rose 0.6% to $83,637.1. Over the weekend, Bitcoin briefly rose to around $85,000, but then quickly fell back.
The market received a certain boost from the news that Citigroup (Citi) has expanded digital asset services to Japan and the United Arab Emirates. The outside world has expectations for traditional financial institutions to accelerate their embrace of digital assets.