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Bitcoin Falls Below $77K Amid Rising Oil Prices and Bond Yields
On Monday, Bitcoin fell below the $77,000 level, extending its weekend losses as rising global bond yields and oil prices amid escalating tensions surrounding Iran dampened investor appetite for risk assets.
The world’s largest cryptocurrency was trading down 1.5% at $76,946.6 as of 07:54 Moscow time, marking its lowest level since May 1.
Last week, Bitcoin briefly climbed above $80,000 but failed to maintain its momentum.
Bond Yields Rise Amid Oil-Driven Inflation Concerns
Investors reduced exposure to speculative assets amid growing fears that rising energy prices could accelerate global inflation and keep interest rates elevated for longer than previously expected.
Oil prices surged above $110 per barrel on Monday following reports of drone-related incidents in the UAE and the collapse of diplomatic negotiations concerning Iran.
The rise in energy prices triggered a broad sell-off in government bonds, pushing yields on benchmark 10-year US Treasury bonds to their highest level since the beginning of 2025.
Traders significantly lowered expectations for Federal Reserve rate cuts and now anticipate that rates will remain largely unchanged throughout most of 2026. Meanwhile, futures markets have started pricing in an increasing probability of another rate hike later this year.
Higher bond yields reduced the attractiveness of cryptocurrencies and other high-risk growth assets while improving the competitiveness of safer fixed-income instruments.
US President Donald Trump warned on Sunday that “time is running out” for Iran to reach an agreement with Washington, intensifying concerns about a deeper regional conflict and continued disruptions to global oil supply routes.
Bitcoin continues to struggle to establish itself above the $80,000 level despite ongoing institutional interest and continued inflows into spot Bitcoin ETFs.
Investors also remained cautious ahead of Nvidia’s earnings report later this week, which could influence broader sentiment across financial markets.
Altcoins Decline as Risk-Off Sentiment Intensifies
Most altcoins also moved lower on Monday, following the broader shift away from risk assets.
Ethereum, the second-largest cryptocurrency by market capitalization, fell 3% to trade at $2,122.12.
XRP, the third-largest cryptocurrency, declined 1.5% to $1.395.
Solana dropped 2%, while Cardano and Polygon each lost 1.5%.
Among meme tokens, Dogecoin fell 2.8%.
See also: "Stablecoin Market Capitalization Surpasses $323.3 Billion as Weekly Inflows Reach $1.5 Billion"
