Bitcoin Drops $80,000 With Focus Turning to Bonds
Bitcoin dropped 2.1% to $76,753 early Monday, nearing a two-week low as rising oil prices, higher bond yields, and $661 million in forced crypto liquidations hit risk appetite. U.S. 10-year Treasury yields rose to 4.631% and Brent crude traded near $110.50 a barrel amid Gulf tensions. Ether fell 3% to $2,114. The Federal Reserve will release meeting minutes Tuesday.