Bitcoin has one level left before macro pressure opens the path to $75k as Treasury yields extend two-day correction
Bitcoin touched $77,711 intraday before recovering to near $78,225, spending a second consecutive session under macro stress as US Treasury yields held near multi-month highs. The 10-year yield reached 4.599%, while the...
Bitcoin 1 Minute
A notable development has hit the crypto markets. Bitcoin touched $77,711 intraday before recovering to near $78,225, spending a second consecutive session under macro stress as US Treasury yields held near multi-month highs. The 10-year yield reached 4. 599%, while the 30-year climbed 11.
131%, its highest level since May 2025. 9% from its May 15 opening above $81,000, with the same move pulling stocks and bonds lower alongside it. The $77,700-$78,000 zone, already the next support shelf when BTC failed below $82,000, now carries the full weight of that macro test.
Market Dynamics
Bitcoin dropped from a May 15 open above $81,000 to an intraday low of $77,711 before recovering to $78,225, testing the $77. 7K-$78K support band. The macro weight As a non-yielding asset, BTC now competes directly with a Treasury complex paying 4.
1%, and a rate floor at those levels raises the opportunity cost of holding it. K33 data put Bitcoin's 30-day correlation with Nasdaq futures above 0. 7, and BTC's beta to equity drawdowns tends to rise when Nasdaq sells hard.
Both channels are active in the current sell-off, and the macro backdrop leaves the Fed little room to ease either. April CPI accelerated to 3. 8% year over year, up from 3.
Market Impact
3% in March, while core CPI held at 2. 8% and the energy index climbed 17. 9% over the prior 12 months.
2% on the day and 11. 33% over the month, while Brent reached $109. Trading Economics models Brent at $111.
28 by quarter-end, and HSBC lifted its 2026 Brent forecast to $95 while modeling $110 average Brent if a supply deal arrives only toward late summer. University of Michigan data put year-ahead inflation expectations at 4. 5% in May, while the Fed's April FOMC statement committed to assessing inflation before easing, both of which keep the policy-relief bar high.
Crypto markets are watching this development closely as investors weigh its potential impact on prices.
