Bitcoin price falls to $75.6K September low as global bonds hit multidecade highs

Bitcoin fell to roughly $75,560 at the Wall Street open on Tuesday, marking the lowest intramonth level for September as traders grew cautious ahead of a key Senate procedural vote on the CLARITY Act. Market activity erased gains from the prior day, when BTC had approached about $79,600, and sentiment remained fragile while investors awaited the bill’s next step.

Market platforms showed low odds that the CLARITY Act will become law in 2026, with Polymarket assigning roughly a 14% probability as of Tuesday. Trading firms noted that even if the measure clears the procedural hurdle, that would be only one step in a longer legislative process; analysts said passage of this vote alone would not ensure final approval and any immediate market reaction would depend on the timing of subsequent steps.

At the same time, bond markets exerted pressure across risk assets as yields climbed to multidecade highs. The US 10-year Treasury yield exceeded 5% and peaked near 5.041% — a level not seen since 2007 — while a Reuters composite showed the average 10-year yield among the world’s seven largest economies at about 4.285%, its highest since mid-2008. The UK 30-year yield hit about 5.95% — the first time at that level since March 1998 — and Japan’s 10-year yield rose to roughly 3.04%, its highest in three decades.

Analysts linked the surge in yields to renewed inflation fears driven in part by higher oil prices amid Middle East tensions; West Texas Intermediate crude approached $105 per barrel, near its highest since early May. Observers, including The Kobeissi Letter, argued that central banks are likely to tighten policy further, and markets widely anticipated a 25-basis-point US rate increase on Wednesday with the Bank of Japan also expected to act later in the week. Those expectations for tighter policy helped push equities lower and added downward pressure on cryptocurrencies.