Bitcoin slips from $80K as gold cools with falling US bond yields

The synchronized pullback in bitcoin and gold suggests the move is being driven by macro forces — specifically shifting US bond yields — rather than anything idiosyncratic to crypto. That's notable because it undercuts the narrative that bitcoin trades as an uncorrelated hedge; here it is moving alongside a traditional haven. The open question is whether this yield-driven correlation holds, or whether bitcoin reasserts its own supply-and-demand drivers once the rates adjustment settles.