Bitcoin Price Holds Below $77K as Rising US Bond Yields Pressure Crypto Market

Bitcoin remained under $77,000 today, struggling to regain momentum as rising US bond yields and geopolitical tensions weighed heavily on investor sentiment across global markets.

Bitcoin Price Faces Pressure From Rising US Bond Yields

Bitcoin traded near its monthly lows after the US 30-year Treasury yield climbed to its highest level since July 2007, increasing pressure on risk-sensitive assets such as cryptocurrencies and stocks.

Higher bond yields often reduce investor appetite for speculative investments because safer fixed-income assets become more attractive. The market reaction also affected traditional safe haven assets, with gold falling below $4,500, marking its lowest level since late March.

Oil Prices and US-Iran Tensions Add More Market Pressure

Growing concerns surrounding the US-Iran conflict have added uncertainty to financial markets. Rising oil prices and fears of broader regional instability continue to impact inflation expectations and investor confidence.

US President Donald Trump warned that Gulf nations should remain prepared for a possible large scale military action against Iran if negotiations fail, increasing geopolitical risks.

Bitcoin Support Level Becomes Key Focus

Crypto analysts believe Bitcoin is now testing an important support zone between $75,000 and $76,000. Market analyst Michaël van de Poppe said a drop below this range could signal a longer consolidation period before any meaningful recovery.

He also pointed to high bond yields and rising oil prices as major challenges currently limiting strength in Bitcoin and other risk assets.