Coindesk reported that BTC once dropped to $78,600 amid surging U.S. Treasury yields and concerns over renewed inflation. The media stated, "BTC rose to $82,000 after the U.S. Senate Banking Committee passed the CLARITY Act on the 13th (local time), but then turned downward and is currently trading around $79,000. This decline has spread not only to cryptocurrencies but also to the broader U.S. stock and gold markets. The Nasdaq 100 and S&P 500 started down 1.7% and 1.2% respectively, and gold prices also fell by 2.5%. In contrast, international oil prices continued to rise, with WTI futures breaking above $100 per barrel. Market analysis suggests that rising energy prices and the possibility of accelerating inflation are fueling concerns about major central banks resuming monetary tightening. The U.S. 10-year Treasury yield rose to 4.58%, marking a one-year high, and the UK 10-year Treasury yield also surged to 5.2%, its highest level since 2008. Meanwhile, according to CME FedWatch, the market is currently pricing in approximately a 50% chance of at least one rate hike this year, with the possibility of rate cuts having virtually disappeared."
