Bitcoin drops to $75.6K September low as global bond yields surge

Bitcoin's slide is less a crypto story than a macro one: multidecade-high global bond yields are draining risk appetite across markets, and crypto is absorbing that pressure alongside everything else. The timing sharpens the stakes on the Senate's CLARITY Act vote, since regulatory clarity is one of the few crypto-specific catalysts that could offset a macro-driven drawdown. What matters next is whether yields keep climbing and whether the vote delivers the clarity traders are positioned for — the interaction of those two forces, not either alone, likely sets the near-term tone.