Bitcoin's price slid on Wednesday, trading at $84,357, while the U.S. 10-year Treasury yield climbed above 5% for the first time in 19 years, reaching its highest level since 2007. The surge in yields followed stronger-than-forecast September flash PMI data and rising input costs. The U.S. Treasury Department also announced it will buy back up to $6 billion in longer-term debt on Thursday, a move that previously benefited Bitcoin but this time coincided with its price drop.