Bitcoin Slips to $75.6K as Bond Yields Hit Highs

Bitcoin weakened to a September low near $75,600 as investors reduced risk ahead of the Senate’s CLARITY Act vote and global bond yields climbed to multidecade highs. The move reflected a broader repricing across risk assets, with fixed-income markets exerting pressure on equities, digital assets and other duration-sensitive trades.

The pullback comes even as the broader sentiment backdrop remains constructive. The Crypto Fear & Greed Index sits at 69, a reading that points to persistent greed rather than capitulation. That divergence suggests the latest decline is being driven more by macro positioning and policy uncertainty than by a broad deterioration in crypto market structure.

Traders are watching whether Bitcoin can stabilize above near-term support after failing to hold higher levels earlier in the week. The Senate vote on the CLARITY Act remains a focal point for market participants because it could shape the regulatory framework for digital assets in the U.S. Any delay or dilution in the bill may keep pressure on sentiment, while a clearer legislative path could help limit downside.

At the same time, surging bond yields are tightening financial conditions and reducing appetite for speculative exposure. That dynamic has weighed on Bitcoin alongside other high-beta assets, even as some investors continue to view the token as a long-duration macro trade rather than a pure risk proxy.