Bitcoin Holds Above $78,000 Amid Bond Rout

Bitcoin was last at $77,216.42, down from $78,259.52 a day earlier, while Ethereum slipped to $2,464.80 from $2,466.91 and Solana fell to $99.66 from $101.61. The declines were modest in the majors, but they came after a much deeper washout in recent weeks that left Bitcoin far below its 50-day moving average of $70,415.89 and still near the lower end of its recent trading range.

Technical readings also show fading momentum. Bitcoin’s RSI stood at 39.8, below neutral territory, while the MACD remained positive but narrower than its signal line, a setup that often points to weakening upside pressure. The cryptocurrency’s price was also holding just above its lower Bollinger Band at $76,303.60, underscoring how fragile the rebound has been.

Adalytica’s Bitcoin Fear & Greed Index showed “Extreme Fear” with a sentiment reading of 6 and awareness at 10, after a 42-point drop over seven days and a 56-point fall over 30 days. That lines up with a market still dominated by de-risking rather than fresh buying.

For investors, the key question is whether Bitcoin can keep defending the high-$70,000 area if bond yields continue to climb and equities come under pressure. A break below that level could trigger another leg of forced selling across digital assets, while any easing in yields could give crypto room to stabilize.