Bitcoin Holds Near $77K as Bond Selloff, Oil Spike Test Rally

The real signal here is Bitcoin's behavior under a dual macro squeeze—rising yields that typically drain speculative liquidity and geopolitical risk that usually boosts safe-haven demand, not risk assets. Its ability to hold near $77K suggests the market is treating it less as a pure risk trade and more as a hedge, but that thesis is unproven at this level. The key question is whether the post-rally momentum can absorb further yield spikes without a sharp correction, as traders gauge if the current bid reflects genuine structural demand or just short-term positioning. A break above or below this range on the next macro catalyst will define the narrative.