As Wall Street trading opened on Friday, the price of Bitcoin (BTC) fell below the $80,000 psychological threshold. According to TradingView, the cryptocurrency depreciated by 3% in a single day, with the downward trend intensifying at the start of the US session. As a result, the BTC/USD pair approached its lowest levels since May. This is reported by Cointelegraph.com reports .
The stock market, which reached record highs earlier in the week, also lost its growth momentum. Analysts attribute this to a decline in confidence in risky assets and instability in the US bond market. The Kobeissi Letter resource noted that the crisis in the bond market is intensifying, with the yield on 10-year US Treasury bonds exceeding 4.55%.
Experts believe that market participants are concerned about the instability of US bond yields. In particular, the situation from April 2025 is repeating, when a collapse in the bond market forced Donald Trump to halt the introduction of trade tariffs against China.
Furthermore, investors are almost ruling out the possibility of interest rate cuts by the Fed. According to CME Group data, more than 60% of the market expects the Fed to raise interest rates as its next move. FedWatch Tool analyses indicate that a 0.25% rate hike by March 2027 is the most likely scenario.
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