Crypto Takes a Hit as Rates Rise and Oil Jumps

Bitcoin dropped to $77, 400 over the weekend, losing nearly $5, 000 since Thursday. The fall came as U. S. government bond yields climbed, making safer investments more attractive. The 10-year Treasury yield pushed past 4. 6%, and the 30-year crossed 5%—levels not seen since mid-2025. Traders started betting on a possible interest rate hike in 2026, which added pressure to crypto prices.At the same time, investment funds pulled nearly $1 billion from Bitcoin exchange-traded funds (ETFs). This ended a six-week streak of cash flowing into these products. Ethereum and Solana fared worse, with ETH down around 10% and SOL dropping back to $84. The only major crypto showing strength was Hyperliquid, a newer trading platform that jumped 10% after partnering with Coinbase and introducing pre-IPO trading. Meanwhile, big Wall Street exchanges are pushing back against Hyperliquid. They claim its decentralized model could make it easier for traders to break rules. Hyperliquid fired back, saying all trades are recorded publicly, making manipulation harder. SpaceX just started trading on the platform, and if demand stays high, traditional finance might get even more upset.