Bitcoin Slides Under $77,000 as Oil Shock and Rising Treasury Yields Hammer Risk Assets!

Bitcoin has broken below the $77,000 level as a confluence of macro headwinds — an oil price shock and climbing Treasury yields — weighed on risk assets broadly. The move reflects a familiar pattern: when real yields rise and energy costs spike simultaneously, institutional allocators reduce exposure to high-beta assets first, and Bitcoin sits near the top of that list.

Treasury yields pushing higher tightens the discount rate applied to speculative assets, while an oil shock raises inflation expectations and complicates the Fed's path toward rate cuts. Together, they create a hostile environment for assets that depend on loose liquidity conditions to sustain elevated valuations.

The $77,000 level had been watched as near-term support. A sustained break below it opens the conversation about deeper retracement levels, with macro conditions — not crypto-native catalysts — firmly in the…