Key TakeawaysBTC declined more than 2.3% to approximately $63,919, breaching the $64,000 thresholdClimbing US Treasury yields are amplifying market expectations for additional Federal Reserve rate increasesExchange stablecoin deposits have plunged to their weakest levels since 2025Analyst Ted identified $65,000 support as broken and highlighted $62,500–$63,000 as the critical level to watchLegislative gridlock over the Digital Asset Market Clarity Act compounds regulatory concernsBitcoin (BTC) slipped beneath the $64,000 threshold on Saturday, with prices hovering around $63,919 based on Binance exchange data. The flagship cryptocurrency registered approximately 2.3% losses across a 24-hour period.Bitcoin (BTC) PriceSelling pressure intensified following Friday’s Wall Street market open. Throughout the trading session, BTC/USD fluctuated within a band of approximately $63,703 to $65,396.Trading outfit Mosaic Asset Company identified surging US Treasury yields as a primary catalyst behind the downturn. The two-year Treasury yield advanced to 4.31%, positioning itself considerably above the Federal Reserve’s existing target corridor.Mosaic observed “significant movements rippling throughout the yield curve” notwithstanding a softer-than-anticipated Consumer Price Index reading. According to their analysis, elevated yields are exerting bearish pressure on equity indices and speculative assets including cryptocurrencies.Market expectations reflected in CME Group’s FedWatch Tool indicate traders anticipate the central bank will maintain current policy at next week’s meeting. Nevertheless, a 0.25% rate increase is being priced for September, representing one of two anticipated hikes before the calendar year concludes.Market commentator Ted, writing on X, emphasized the breakdown of the $65,000 support level. He stated: “BTC has lost the $65,000 support zone. The next key zone is $62,500–$63,000, which should hold for the next leg up in Bitcoin.” His commentary suggests market participants are monitoring this range intently as a prospective bottom.$BTC has lost the $65,000 support zone.The next key zone is $62,500-$63,000, which should hold for the next leg up in Bitcoin. pic.twitter.com/Kzfk83WTUp— Ted (@TedPillows) July 25, 2026Stablecoin Deposits Reach Multi-Year BottomCryptoQuant researcher Darkfost observed that stablecoin movements to centralized exchanges have declined to their weakest reading since 2025. The rolling 30-day average for USDT and USDC transfers on the Ethereum network currently sits at $2.3 billion, significantly trailing the 365-day average of $3.7 billion. Since 2025, stablecoin inflows to exchanges have continued to drop.They’ve hit their most obscenely low levels of the period. Today the monthly average of stablecoin inflows (USDT, USDC) sits at ~$2.3B while the yearly average is at ~$3.7B.At BTC’s ATH, monthly average… pic.twitter.com/uEIgKbZtYv— Darkfost (@Darkfost_Coc) July 25, 2026During Bitcoin’s all-time high period, these metrics registered $5.6 billion and $4.3 billion respectively. Diminished inflows indicate reduced capital availability on trading venues, reflecting subdued purchasing appetite.Market participant Killa observed on X that BTC appears to be replicating a recurring short-duration pattern, spotting what he termed a “plunge protection team” mechanism on Binance. Multiple levels of buy-side liquidity materialized beneath current prices, potentially serving as defense against steeper declines.Analytics profile Wealthmanager cautioned that a sustained breakdown beneath $64,000 would “invalidate” the lower-timeframe market framework.Chartist Rekt Capital remarked that Bitcoin continues exhibiting 2022 bear market characteristics, experiencing rejection at the 50-month exponential moving average positioned at $65,950.#BTC Bitcoin continues to reject from the 50-Month EMA (purple)Bitcoin hasn't really offered any evidence to the contraryStill following 2022 historical tendencies$BTC #Crypto #Bitcoin https://t.co/lzyma7Z5cQ pic.twitter.com/SU6LHiu6Xx— Rekt Capital (@rektcapital) July 24, 2026Legislative Stalemate Compounds Market HeadwindsThe Digital Asset Market Clarity Act faces substantial obstacles in the Senate chamber. Democratic lawmakers have dismissed proposed ethics safeguards as insufficient, particularly concerning President Trump’s cryptocurrency holdings. Senate Majority Leader John Thune indicated passage before the summer congressional break appears doubtful.Bitcoin presently trades approximately 50% beneath its all-time peak as the bearish cycle that commenced in October persists.The post Bitcoin (BTC) Slides Under $64K Amid Rising Treasury Yields and Weak Stablecoin Activity appeared first on Blockonomi.