
Bitcoin Falls To $77,000 As Oil And Treasury Yields Rise

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Bitcoin has dropped to $77,000 as rising crude oil prices and Treasury yields exert pressure on risk assets. The 30-year Treasury yield reached 5.13%, the highest since 2007, while the 10-year yield hit a 12-month high of 4.59%. Analysts note that higher yields increase the opportunity cost of holding non-yielding assets like Bitcoin. The broader cryptocurrency market is also declining, with Ethereum, Solana, and XRP each down over 1%. Bitcoin is now nearly 40% below its all-time high of $126,000 from last October.
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