Bitcoin slid below $79,000, posting roughly a 3% decline over 24 hours as rising U.S. Treasury yields and persistent inflation concerns triggered a broad retreat from risk assets. Elevated oil prices added further pressure, reinforcing fears that inflation remains stickier than markets had hoped. The move reflects a wider rotation away from speculative assets as the cost of holding them rises relative to safer alternatives.
When bond yields rise, low-risk assets like Treasuries become more attractive relative to volatile assets like Bitcoin, pulling capital out of crypto. This same dynamic pressures growth stocks and other risk assets, so a portfolio heavy in either could feel the squeeze simultaneously. Watch for correlation with tech-heavy indices — if yields keep climbing, this selloff may have further to run.
Watch for the next U.S. Consumer Price Index (CPI) inflation report and any Federal Reserve commentary on interest rate direction. Also monitor the 10-year U.S. Treasury yield daily — if it pushes above recent highs, expect continued pressure on crypto.
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