Rising Treasury Yields Put Recent Bitcoin Rally Under Pressure
Bitcoin came under renewed pressure as last week ended, falling about 1.4% to roughly $77,000 after reaching around $77,500 earlier in the week. The decline erased a fraction of the crypto’s strong August performance, when it gained almost 25%. The latest retreat came as rising U.S. Treasury yields and renewed military tensions between Washington and Tehran pushed investors toward a more cautious stance. The developments have also increased expectations that the Fed could consider raising interest rates at its September meeting. United States and Iranian forces exchanged another series of strikes on Tuesday as tensions surrounding the Strait of Hormuz…





