Bitcoin fell toward 79,000 dollars as rising US Treasury yields, inflation concerns and higher oil prices prompted a risk-off mood across global markets. Major altcoins declined alongside the leading cryptocurrency. The total value of the worldwide crypto market also dropped.
Bitcoin's recent decline appears driven by broader macroeconomic pressures. Rising Treasury yields and elevated oil prices have weighed on risk assets in general, according to market observers. Analysts described the move as macro-led rather than tied to crypto-specific developments.
