Bitcoin tumbles below $79,000 as rising bond yields, inflation worries rattle markets

60-second summary

Bitcoin tumbles below $79,000 as rising bond yields and inflation worries rattle markets, causing stocks, gold, and crypto to slide. Crude oil prices top $100, further fueling market volatility. Traders rapidly reprice Fed expectations for rate hikes, shifting focus to economic growth and inflation control, as investors reassess asset values and adjust their portfolios accordingly.