Bitcoin Tumbles Below $64K Amid Soaring Yields and Weak Stablecoin Activity

Bitcoin (BTC) plummeted to $63,919 on Saturday, down by approximately 2.3% in a 24-hour period.

The decline breached the $64,000 threshold and has market analysts sounding alarm bells.

A key driver of this downturn is the surge in US Treasury yields, which have climbed to 4.31%, placing them above the Federal Reserve's target corridor.

Market commentator Ted noted that the breakdown of the $65,000 support level is a critical development, and warns that the next key zone to watch is between $62,500 and $63,000.