Bitcoin falls under $64K as surging US bond yields boost Fed rate-hike odds
Bitcoin dropped more than 1.6% as the post-open sell-off accelerated and BTC neared $64,000. Risk assets weakened amid geopolitical तनाव and macro headwinds, with rising US Treasury yields cited as a major driver. A trading firm noted the 2-year Treasury yield at 4.31% remained well above the Federal Reserve’s target range, increasing pressure on equities and crypto despite a softer CPI report. Markets still expected the Fed to hold rates next week but kept a September hike in view. Traders pointed to heavy bid liquidity below price on Binance and said $64,000 was a key support level; a break below it could damage short-term structure. Another analyst said BTC was again rejecting the 50-month EMA around $65,950, suggesting it may still be tracking 2022-style bear market behavior.
