Bitcoin slipped to around $68,900 on March 26, falling roughly 3% in 24 hours as President Donald Trump’s 10-day pause on Iran strikes prolonged market uncertainty rather than calming investors.
The decline reflects broader macro pressures, with US Treasury yields rising to about 4.42% as markets price in higher inflation and reduced expectations for near-term interest rate cuts.
Higher yields are tightening financial conditions, drawing capital away from risk assets such as Bitcoin and reinforcing its sensitivity to global liquidity trends.
At the same time, the ongoing Iran conflict is supporting elevated oil prices, which adds to inflationary pressures and further reduces the likelihood of Federal Reserve policy easing.
As a result, markets have begun pricing out anticipated rate cuts, creating a more restrictive environment that is weighing on crypto markets alongside equities.
Bitcoin is currently behaving more like a high-risk asset rather than a hedge, moving in line with tech stocks as investors reduce exposure amid rising yields and persistent uncertainty.
Until yields stabilise and liquidity conditions improve, Bitcoin is unlikely to sustain upward momentum and may remain range-bound or drift lower in the near term.
At the time of reporting, Bitcoin price was $68,751.43.