Bitcoin is back in the red on Tuesday after rallying above $79,000 on Monday. The leading cryptocurrency by market cap has lost more than 1% of its value in the last 24 hours and now trades below $77,000. The latest decline strengthens the possibility of a correction toward the $70,000–$71,000 region, particularly if Bitcoin confirms the rounded-top pattern developing on its chart. Three macro threats put pressure on Bitcoin Bitcoin is underperforming at the moment as traders anticipate four macro threats to the market. The first warning comes from the US bond market, as the benchmark 10-year Treasury yield climbed above 5.02% on Tuesday, reaching its highest level since mid-2007.