Bitcoin has dropped below the $79,000 mark, experiencing a daily loss of approximately 3%, marking its lowest point since May. This decline follows a surge in U.S. Treasury yields, with the 10-year note rising above 4.55%, its highest in nearly a year. The increase in yields has sparked a sell-off in risk assets, including Bitcoin, as concerns over tightening liquidity and potential further rate hikes grow. Analysts highlight that Bitcoin's failure to break the $82,000 resistance level has weakened its support structure, suggesting a possible retest of the $75,000–$77,000 range. The market is now entering a phase of range-bound trading, influenced by the intensified "crisis-driven rally" in the U.S. Treasury market and expectations of prolonged high interest rates.