US Treasury yields spike and eclipse the CLARITY Act boost, dragging Bitcoin back below $79,000 as the 10-year yield clears 4.5%

A sharp rise in US Treasury yields is overpowering the CLARITY Act-driven rally and pulling Bitcoin back under $79,000. The 10-year yield has climbed above 4.5%, contributing to more than $700 million in net outflows from Bitcoin ETFs over the past week. Yield-seeking flows are also lifting tokenized Treasuries, which reached a record $15.35 billion as investors favor income over risk.