Bitcoin slips under $77,000 as rally boosts mining economics

Bitcoin slipped below $77,000 on Sunday, trading at $76,536, a 0.8% decline over 24 hours after retreating from a Friday high of $79,461. The pullback followed a rally driven by lower U.S. Treasury yields and spot demand. Bitcoin’s hashprice, a key miner revenue metric, climbed 20.4% over four days to $38.29 per petahash per second, improving mining economics. Grayscale research suggested the bear market, now about 10 months old, may be maturing. U.S. public debt near $40 trillion and a broadly supportive macroeconomic outlook could support long-term adoption. However, interest rates remain a key risk, with the Federal Reserve holding rates at 3.5% to 3.75% in July.