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Bitcoin Tumbles Below $64K Amid Soaring US Bond Yields and Hawkish Fed Bets

Guavy AI Editorial Team
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BTC
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Bitcoin's price slid over 1.6% on Friday as it fell below $64,000 due to multiple macro headwinds.

The crypto market was under pressure from surging US bond yields and rising expectations of Federal Reserve interest-rate hikes.

Data from TradingView showed BTC/USD approaching $64,000 as bulls struggled to preserve recent gains.

Trading firm Mosaic Asset Company attributed the sell-off to increasing US Treasury yields, which it said was a key driver behind the decline in risk assets.

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Disclaimer: Guavy is a data and market intelligence provider, not an investment advisor. The information, signals, and market analysis provided by the Guavy API and related services are for informational purposes only and are not intended as financial advice, investment recommendations, or an endorsement of any particular trading strategy. Trading in volatile markets, including cryptocurrency, carries significant risk and may not be suitable for all investors. Past performance is not indicative of future results. Users should consult with a qualified financial professional before making any investment decisions. Guavy makes no guarantee of trading profits or financial returns.

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