Bitcoin price fell below $79,000 on Friday as rising U.S. Treasury bond yields sparked a sell-off in risk assets [1, 2].

This price action highlights the continuing sensitivity of the cryptocurrency market to traditional macroeconomic indicators. When U.S. government bond yields rise, investors often move capital away from volatile assets like Bitcoin in favor of safer, fixed-income returns.

The decline occurred during the opening of Wall Street trading on Friday [2]. According to reports, Bitcoin experienced a price rout of roughly three percent [1]. While some reports noted the price fell below $80,000 at the market open [2], other data indicates the asset dipped further to under $79,000 [1].

This volatility follows a period of resistance for the digital currency. Bitcoin was rejected at a price level of $82,000 the previous day [4]. The subsequent slide on Friday reflects a broader trend of risk-asset pressure linked to the U.S. bond market [1, 2].

Market analysts said that the correlation between Bitcoin and Treasury yields creates a tug-of-war for investor liquidity. As yields increase, the opportunity cost of holding non-yielding assets like Bitcoin rises, leading to the type of rapid sell-off seen this week [1].

The three percent drop [1] underscores the fragility of current price supports when faced with macroeconomic headwinds. Investors are now monitoring whether fixed-income outflows will stabilize or further depress the price of the leading cryptocurrency [4].

“Bitcoin experienced a price rout of roughly 3%”

The dip indicates that Bitcoin remains heavily influenced by U.S. monetary policy and Treasury yields rather than operating as a fully decoupled asset. The rejection at $82,000 followed by a 3% drop suggests a lack of strong buyer support at peak levels when macroeconomic risk increases, reinforcing Bitcoin's current classification as a high-beta risk asset.