Bitcoin Price Slips As U.S. Treasury Yields, Oil Prices Rise

Bitcoin Price Slips as U.S. Treasury Yields, Oil Prices Rise

Bitcoin (BTC) price slipped by 1.30% to $76,790 on Tuesday, closely tracking a 0.57% dip in the total crypto market capitalisation, driven by macro pressure from rising yields and oil.

The sell-off was fuelled by rising US Treasury yields and Brent crude oil above $108, tightening financial conditions and dampening appetite for speculative assets like crypto.

Crypto analysts have projected today’s U.S. Clarity vote to act as the next catalyst for cryptocurrencies – in addition to the Treasury bond buyback plan.

Traders said Bitcoin is acting as a high-beta risk asset, not a decoupled hedge, in this macro environment. BTC Price faced persistent resistance at $78,300–$79,000, a ceiling that has capped rallies for weeks.

 The rejection was accompanied by a 59.7% spike in volume and a 97% surge in liquidations to $80.79 million, dominated by short squeezes. Sellers defended a major supply zone, forcing over-leveraged longs to exit and adding downward momentum.

The immediate catalyst is the Fed’s policy announcement on September 16. If Bitcoin holds above the $76,000–$76,500 support cluster, it could retest $78,500.

However, a decisive break below $76,000, where leveraged long positions are concentrated, risks a sharper drop toward the $74,000–$73,000 area.