Bitcoin’s usual lifeline is failing as a bond market warning puts $80,000 at risk

On Oct. 22, bitcoin briefly lost the $81,000 level. In the same trading session, the Nasdaq stock index lost more than 2%, spot gold, which refers to gold traded for immediate delivery, dropped about 2.7% to $4,025, and silver sank about 5.8% to near $54.63. The 10-year Treasury yield, a benchmark for borrowing costs, fell from 5.146% to below 5%, marking its biggest one-day drop in more than two years.