Bitcoin falls below $68,000 as 10-year Treasury yield nears 1-year high of 4.5%

Markets Share Share this article Copy link X icon X (Twitter) LinkedIn Facebook Email Bitcoin falls below $68,000 as 10-year Treasury yield nears 1-year high of 4.5% Liquidation heatmap shows large liquidity cluster around $66,000, signaling potential downside target. By James Van Straten | Edited by Sheldon Reback Mar 27, 2026, 9:29 a.m. Make preferred on US10Y (TradingView) What to know : Over $50 million in long liquidations occurred within an hour, with bitcoin accounting for the majority. Rising U.S. Treasury yields and a stronger dollar are weighing on risk assets, including cryptocurrencies and crypto-related equities. Bitcoin fell another 2% in 24 hours, dropping below $68,000 for the first time in four days. The decline sparked more than $50 million in long liquidations in the past hour, according to Coinglass, of which roughly 70% came from bitcoin positions alone. The decline sent shares of crypto-related companies such as Circle Internet (CRCL), Coinbase (COIN), and Strategy (MSTR), the largest public holder of Bitcoin, lower in pre-market activity. Traders with long positions are betting prices will rise. Liquidations occur when an exchange forcibly closes a leveraged trade because the trader no longer has enough collateral, known as margin, to support the position. A look at the 48-hour liquidation heatmap , a tool that highlights price levels where large clusters of forced liquidations may occur, shows significant liquidity below $66,000, which signals further downside for bitcoin is possible in the short term. In another sign of bearish sentiment, funding rates are also negative. Funding rates are periodic payments between traders in perpetual futures contracts, which are derivatives that track an asset’s price without expiry. When negative, short traders, those betting on price declines, pay long traders. Macro conditions are deteriorating further as the Middle East conflict progresses. The 10-year U.S. Treasury yield, a benchmark interest rate for government debt, is nearing 4.5%, its highest since July, making risk assets like crypto less attractive. The MOVE index, which measures U.S. bond market volatility, has risen 18% over the past 24 hours, indicating increased uncertainty. Meanwhile, oil prices, including Brent and WTI crude, are up 3% as Ukraine's disruption of Russian oil flows disrupts President Donald Trump's plans to ease supplies. The DXY index, which tracks the strength of the dollar against a basket of major trading partners, is rising toward 100, creating further headwinds for risk assets. Bitcoin News Iran Markets More For You The Definitive Stablecoin Landscape Series: North America By CoinDesk Research 18 hours ago Commissioned by Ripple As stablecoins evolve into core financial infrastructure, North America leads. This report maps the regulation, market shifts, and players driving adoption. Why it matters : Stablecoins are entering their third phase of evolution - the institutionalization era - becoming increasingly embedded into core financial infrastructure. As institutions prioritize transparency and compliance, regulated issuers like USDC, RLUSD, and PYUSD are steadily gaining share with RLUSD surpassing $1B in market cap within its first year. North America, leading in regulatory frameworks and institutional distribution, is at the center of it all. View Full Report More For You Investors yank $171 million from bitcoin ETFs in largest single-day outflow in three weeks By Omkar Godbole | Edited by Sam Reynolds 1 hour ago ETFs show institutional demand for bitcoin is cooling after a strong start to the month. What to know : Institutional demand for bitcoin is cooling after a strong start to the month. Investors withdrew $171.12 million from 11 U.S.-listed spot bitcoin ETFs on Thursday. 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