Bitcoin fell roughly 10% from its August peak above $81,000 to around $76,000–77,000 as the US 10-year Treasury yield climbed to 4.814%, its highest since Nov 2023. Markets are watching whether Treasury Secretary Bessent will intervene in the bond market again.
Matters because: This points to macro liquidity pressure rather than crypto-specific weakness. Rising yields usually reduce risk appetite, which can keep pressure on BTC if they continue higher.