Bitcoin slipped below $82,000 and toward $80,500 as rising U.S. Treasury yields, tighter liquidity, and weaker broader market sentiment pressured cryptocurrencies and stocks.
Bitcoin fell alongside stocks as rising U.S. Treasury yields and tighter market liquidity pressured risk assets. Earlier coverage said the 10-year U.S. Treasury note reached 4.54% on May 15, a 12-month high, and Bitcoin moved back toward $80,500 a day after the Clarity Act committee vote. Later reports said BTC gave up earlier gains, dropped back below the $82,000 resistance level, and approached its lowest levels of May. The combined reports describe higher yields as tightening financial conditions, raising the appeal of fixed-income assets, and reducing demand for volatile assets such as cryptocurrencies and equities.