Bitcoin Drops Below $77K as Rising Treasury Yields Pressure Crypto Market

Bitcoin (BTC) slipped below the $77,000 level during Monday trading in Asia as rising U.S. Treasury yields and higher oil prices continued to weigh on risk assets. The leading cryptocurrency briefly traded near $77,005 before extending losses, reflecting growing investor caution across global financial markets. Market sentiment has turned increasingly cautious as expectations for Federal Reserve rate cuts continue to fade. The 30-year U.S. Treasury yield climbed to 5.13%, marking its highest closing level since 2007. Meanwhile, prediction platform Polymarket showed traders assigning a 98%…  Read more

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