Bitcoin Price Drops to $77K Amid Global Market Pressure

The recent downturn in the global economy has had a significant impact on the price of Bitcoin, causing it to slide to around $77,000.

Rising bond yields have been a major concern for investors, as long-term government bonds have seen their highest values in years, increasing borrowing costs and reducing interest in risk assets like cryptocurrencies and stocks.

The sharp rise in U.S. Treasury yields has historically triggered market instability and liquidity problems, adding to the pressure on financial markets.