Bitcoin's price fell below $74,300, marking its lowest point since April 20, as rising bond yields dampened demand for riskier assets. The cryptocurrency has declined about 10% from its recent peak of over $82,500 on May 6. U.S.-listed spot Bitcoin ETFs experienced significant net outflows, totaling over $2.26 billion in the past two weeks, with $1.26 billion withdrawn this week alone, the largest since January. The increase in yields on U.S. Treasury bonds and other government bonds in developed markets has reduced the appeal of non-yielding assets like Bitcoin, contributing to the recent price drop.