Bitcoin price dives under $79K as US bond market triggers 3% BTC price rout
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- Bitcoin fell below $80,000 at the Wall Street open, losing about 3% in a day and approaching its lowest May level.
- US 10‑year Treasury note yield rose above 4.55% for the first time since May 2025, a level that previously halted US‑China tariff talks.
- Federal Reserve is now seen with a greater than 60% probability of a rate hike, with cuts priced out, according to CME’s FedWatch Tool.
- S&P 500 gave back recent gains after hitting all‑time highs earlier in the week, mirroring Bitcoin’s risk‑asset pullback.
Why it matters: Bitcoin and equity investors see losses as US yields climb, while higher Treasury rates push up borrowing costs for consumers and businesses, tightening financing for mortgages, auto loans, and corporate debt.
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