Bitcoin Holds Below $77K Amid Rising Bond Yields
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Bitcoin remains under pressure, trading below $77,000 as macroeconomic headwinds intensify. The surge in US bond yields to near 20-year highs, coupled with rising oil prices, is drawing capital away from risk assets like cryptocurrencies. Analysts identify the current price zone as a crucial support level, suggesting that a breakdown could trigger further downside, while a hold could set the stage for a recovery. The market is closely watching the Federal Reserve's next moves, as tighter financial conditions continue to weigh on investor sentiment.
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