Bitcoin price falls to $75.6K September low as global bonds hit multidecade highs
Summary
Bitcoin fell to month-to-date lows near $76,000 as crypto markets waited for a Senate procedural vote on the CLARITY Act. Traders were nervous because the bill has uncertain odds of advancing, though passage would likely improve medium-term institutional adoption by reducing SEC/CFTC ambiguity. Broader risk assets also weakened as global bond yields surged to multidecade highs. The US 10-year Treasury yield topped 5% for the first time since 2023, while UK and Japanese yields also hit decades-long peaks. Rising oil prices and Middle East supply risks fueled inflation concerns, pushing markets toward tighter monetary policy and adding pressure on crypto and equities.
