Bitcoin (BTC) Price: Falls Below $64,000 as Bond Yields Surge and Stablecoin Demand Dries Up

TLDR

• Bitcoin dropped over 2.3% to around $63,919, falling below the $64,000 mark
• Rising US Treasury yields are increasing expectations of further Fed rate hikes
• Stablecoin inflows to exchanges hit their lowest level since 2025
• Trader Ted warned $65,000 support is lost and flagged $62,500–$63,000 as the next key zone
• The Digital Asset Market Clarity Act faces Senate hurdles, adding regulatory uncertainty

Bitcoin (BTC) dropped below $64,000 on Saturday, trading around $63,919 according to Binance data. That’s a decline of about 2.3% over 24 hours.

The sell-off began accelerating after Wall Street opened on Friday. BTC/USD ranged between roughly $63,703 and $65,396 during the session.

Trading firm Mosaic Asset Company pointed to rising US Treasury yields as a key driver. The two-year yield climbed to 4.31%, which sits well above the Federal Reserve’s current target range.

Mosaic noted “massive moves are underway across the yield curve” despite a weaker-than-expected CPI report. They said rising yields are placing downward pressure on stock indexes and risk assets like crypto.

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