Crypto Market Pulls Back as Treasury Yields Spike

Bitcoin's price fell below $84,000 on September 25 as the 10-year Treasury yield hit a 19-year high of around 4.6%, highlighting the growing correlation between macro rates and crypto valuations.

The surge in benchmark yields pressured risk assets, prompting a broader market pullback that extended into altcoins and raised concerns about liquidity conditions.

Regulatory scrutiny and security incidents intensified across the sector, with CFTC staff demanding clearer safeguards from exchanges on political-speech prediction-market bets.

Despite these headwinds, institutional adoption of blockchain and stablecoins accelerated, with TRON recording $30 trillion in cumulative transaction volume and Italian banks completing the first tokenized interbank payment.