Bitcoin and Equities Face Pressure as Treasury Yields Hit One-Year High

Digital assets and global equities are facing renewed headwinds after an initial recovery following President Trump's decision to postpone military action against Iranian energy facilities. The 10-year Treasury yield approached a one-year high of 4.5%, exerting significant downward pressure on risk-on assets. This macroeconomic shift has driven Bitcoin (BTC) back below the $68,000 threshold as investors react to rising borrowing costs. Furthermore, liquidation heatmap data identifies a significant liquidity cluster around the $66,000 level, signaling a potential downside target for the cryptocurrency. While Bitcoin ETFs recorded $2.5 billion in inflows over the past month, the surge in yields is testing the market's underlying resilience. Investors remain cautious as the narrative shifts from geopolitical relief to the implications of tightening financial conditions.