Bitcoin (BTC) saw a significant drop of over 5% on Tuesday as US Treasury yields surged, according to CNBC. This downturn coincided with the Institute for Supply Management's (ISM) report indicating stronger-than-anticipated growth in the US services sector for December, fueling concerns about persistent inflation. As the yield on the 10-year Treasury note climbed, weighing on risk assets, BTC faced downward pressure. CNBC attributes this to uncertainty surrounding the Federal Reserve's potential decision to limit interest rate cuts. This has added to the negative sentiment in the crypto market, contributing to the plunge in BTC's value.

#BTC