Bitcoin Slides as Treasury Yields Rise and Risk Assets Decline

Bitcoin's price has fallen due to rising Treasury yields and declining major U.S. stock indexes.

The S&P 500, Dow Jones Industrial Average, and Nasdaq Composite all experienced losses on September 28, with the 10-year Treasury yield reaching 5.27% before closing at 5.23%.

Since the Federal Open Market Committee's rate increase on September 16, investors have been reacting to higher Treasury yields, which have added pressure to risk assets like Bitcoin.