Bitcoin price dives under $79K as US bond market triggers 3% BTC price rout
Bitcoin plunged below $80,000 Friday as surging US bond yields triggered a broader risk-asset selloff. The 3% daily drop reflects trader concerns over unsustainable Treasury yields above 4.55%, mirroring levels that prompted Trump's China tariff pause last year. Fed rate hike odds now exceed 60%, pressuring crypto markets alongside equities. BTC support faces retesting toward mid-$70,000 levels.
Key takeaways
- 1Bitcoin fell below $79,000 on Friday as US 10-year Treasury yields surged above 4.55%, triggering a 3% daily price rout.
- 2Fed rate hike odds now exceed 60%, with the market pricing out rate cuts entirely and expecting higher borrowing costs ahead.
- 3BTC support faces retesting toward mid-$70,000 levels as traders await new local lows after losing recent gains.
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Why it matters
Rising US bond yields and hawkish Fed expectations are pressuring Bitcoin and risk assets globally, signaling potential macroeconomic headwinds. For Indian retail investors, this reflects how global monetary policy shifts directly impact cryptocurrency valuations and volatility in emerging market-sensitive assets.
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