Bitcoin slides as U.S. 2-year yield hits 4.19% and oil jumps over 3%

Bitcoin weakened as a broader risk-off tone took hold, with the U.S. 2-year Treasury yield rising to 4.19% and oil gaining more than 3%. The token fell about 14% last week, briefly traded below $60,000, and was around $62,600 after peaking above $63,600 late Sunday. Renewed Iran-Israel tensions, ETF outflows and upcoming U.S. inflation data were cited as factors keeping volatility elevated.