Bitcoin has fallen to test the $78,000 support zone as US Treasury yields climb to multi-month highs and inflation data adds pressure on risk assets. The cryptocurrency touched an intraday low of $77,711 before recovering slightly.
Bitcoin traded near $78,225 after slipping from levels above $81,000 on May 15. The move marks a 3.9 percent decline and coincides with the 10-year Treasury yield reaching 4.599 percent and the 30-year yield climbing to 5.131 percent, its highest since May 2025. April CPI data showed inflation at 3.8 percent year over year, up from 3.3 percent in March, while oil prices also advanced with WTI settling at $105.42 on May 15.
