Bitcoin Price Prediction: Testing $76,000 as Treasury Yield Hits 4.93%

Today’s Bitcoin price prediction is driven by Brent crude, which moved above $110 a barrel amid surging U.S. Treasury yields. The 10-year U.S. Treasury yield climbed to 4.93%, while Bitcoin fell below $77,000 and reached a daily low of $76,600.

The move placed the closely watched $76,000 support level in focus. Oil above $100 has sharpened inflation concerns across markets. Yet the immediate transmission channel described by the available market evidence runs through the bond market.

Higher Treasury yields affect borrowing costs and financial conditions, while the macro energy shock has added pressure to Bitcoin as traders reassess inflation and monetary-policy risks. BREAKING: Brent crude SMASHES through $111 for first time since May.

Brent has surged nearly +83% since the start of the year, jumping from $60.70 on January 1 to $111 today. A $50/bbl increase in just over eight months.