Bitcoin slips under $77K as 30-year yields hit 2007 highs

Bitcoin traded under $77,000 on Tuesday as U.S. 30-year Treasury yields climbed to their highest level since July 2007, pressuring equities, precious metals and other risk assets. Price data showed BTC/USD falling below $77,000 around the Wall Street open while holding near the prior day’s low.

The 30-year Treasury yield rise coincided with a retreat in gold and silver. Spot gold fell below $4,500, its weakest level since late March, while other growth-sensitive assets also saw selling pressure.

Ole S. Hansen, head of commodity strategy at SaxoBank, wrote that bond markets were pricing a higher premium for longer-dated debt because of energy-driven inflation linked to the conflict in the Gulf and concerns about widening budget deficits. He cited oil, inflation expectations, rising yields and central bank rate paths as factors that had pushed gold below $4,500.

U.S. President Donald Trump posted that he had canceled planned strikes on Iran and added that Gulf countries should be prepared to launch a large-scale assault if an acceptable deal is not reached. The message left geopolitical risk elevated and supported oil prices.

Crypto traders and analysts pointed to the combined pressure of higher long-term yields and strong oil as negative for Bitcoin. Trader Michaël van de Poppe wrote on social media that neither condition is supportive for risk-on assets, and that Bitcoin did not appear strong; he added that a break below roughly $75,000–$76,000 could extend the accumulation phase.

Market participants said the moves reflect a change in how investors price future inflation and fiscal risk into long-term bonds. As yields rise, higher discount rates and borrowing costs reduce the relative appeal of risky and long-duration assets.

Traders are watching short-term technical support levels for Bitcoin to see if the recent floor holds or gives way to further selling. Near-term price action across cryptocurrencies, commodities and equities will be influenced by developments in U.S. interest rates, oil markets and Gulf geopolitics.