Bitcoin Holds Key Level Amid Treasury Yield Surge

Bitcoin faced renewed macro pressure on Tuesday as US Treasury yields extended their recent correction, with the 10-year yield reaching 4.599% and the 30-year yield climbing 11.8 basis points to 5.131%, its highest since May 2025. BTC touched an intraday low of $77,711 before recovering to near $78,225, marking a second consecutive session under stress. The cryptocurrency has declined 3.9% from its May 15 opening above $81,000, and analysts warn that a break below the $77,500 support level could open the path toward $75,000. The correlation between rising yields and risk asset sell-offs remains a key headwind, as higher Treasury rates increase the opportunity cost of holding non-yielding assets like Bitcoin. However, BTC's ability to hold above $77,700 suggests short-term support may be forming, with a potential bounce if yields stabilize. Traders should monitor the $77,500-$78,000 zone as a critical pivot; a breakdown could accelerate selling, while a reclaim of $80,000 would signal renewed bullish momentum.

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