Bitcoin Tumbles to $75.6K Amid Global Bond Yields Surge

Bitcoin's price has plummeted to its September low of $75.6K as global bond yields hit multi-decade highs, signaling a shift in investor sentiment.

The decline comes amid rising interest rates and economic uncertainty, which have led investors to seek safe-haven assets such as government bonds.

This trend has been evident globally, with many countries experiencing high inflation rates and monetary policy tightening. As a result, bond yields have surged, making them more attractive to investors seeking higher returns.