Bitcoin (BTC) experienced a significant drop, falling to $78,600 at the start of Friday's trading session in the U.S., representing a decline of approximately 4% from the previous day's high of $82,000. This selloff was triggered by a sharp rise in government bond yields, which unsettled investors across various asset classes, including U.S. stocks and gold. The cryptocurrency later stabilized slightly above $79,000, reflecting a 2.2% decrease over the past 24 hours. The broader market also faced declines, with the Nasdaq 100 and S&P 500 showing drops of 1.7% and 1.2%, respectively, while gold prices fell 2.5% to nearly $4,500 per ounce. In contrast, oil prices rose, with WTI crude oil futures increasing by 3% to surpass $100. The surge in yields, with the U.S. 10-year Treasury reaching 4.58% and the UK 10-year gilt at 5.2%, has raised concerns about inflation and potential tightening by central banks. Market participants now perceive nearly 50% odds for a rate hike by the end of the year, a stark shift from last week's expectations.