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Bitcoin plunges as Treasury yields surge amid Iran conflict, dragging stocks down.

Market News
23 Mar 2026
Blockonomi
View Source
Bearish
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Bitcoin dropped sharply from around $90,000 to near $60,000 in early 2026, signaling early market stress. Following the outbreak of conflict with Iran on February 28, U.S. Treasury yields surged, with the 10-year yield hitting 4.41%, the highest since August 2025. This rise in yields increased borrowing costs and pressured equities, causing Nasdaq and S&P 500 futures to fall to levels last seen in September 2025. Market sentiment has turned extremely fearful, with retail investor pessimism at its highest since May 2025, indicating growing concerns about inflation, interest rates, and geopolitical risks. Analysts warn this could be the start of a broader market correction, with bitcoin acting as an early warning system for risk assets.

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