Saudi Arabia Canceled Europe's Oil Cargoes, WTI Hit $103, and Treasury Yields Reached 5%. Here's Why Bitcoin Fell With Bonds

Bitcoin traded near $75,000, down roughly 4% over 24 hours, as WTI crude climbed to $103.60 and the 10-year Treasury yield reached 5%, its highest level since 2007. The simultaneous oil-price spike and sharp rise in long-term yields point to a risk-off backdrop that is pressuring digital assets.