Overview
- Bitcoin fell to about $79,000 on Friday after a jump in U.S. Treasury yields and oil prices followed this week’s hotter‑than‑expected inflation reports.
- The Senate Banking Committee advanced the CLARITY Act on Thursday in a 15–9 vote, which briefly lifted crypto prices and drew $131.3 million into spot Bitcoin exchange‑traded funds that day.
- ETF demand then softened, with Glassnode estimating a seven‑day average of roughly $88 million a day in outflows from U.S. spot Bitcoin funds as institutions took profits.
- The 10‑year Treasury yield climbed above 4.5% and the 30‑year neared 5.1%, making government bonds more attractive and raising the cost of holding non‑yielding assets like Bitcoin.
- Markets are watching whether Bitcoin can hold support near $77,000 and for any Federal Reserve signals or progress on the Iran standoff that could ease pressure from rates and oil.