rewrite this content and keep HTML tags as is. This is content from rss feed and I don’t need their *Daily Debrief Newsletter*, their tags from bottom like this *Share this articleCategoriesTags*, Editorial Process section, phrases like *Featured image from Peakpx, chart from Tradingview.com*, SPECIAL OFFERS and similar sections – just remove such sections and save only article itself: Bitcoin (BTC) fell more than 1.6% on Friday as its latest price correction accelerated after Wall Street opened.Key points:Bitcoin price downside pressure mounts on the back of multiple macro headwinds.US bond yields further a hawkish pivot in Fed interest-rate expectations.BTC price analysis sees a Binance “plunge protection team” attempting to shore up the market.Analysis warns US bond yields now “well above” targetData from TradingView showed BTC/USD approaching $64,000 as bulls struggled to preserve recent gains.BTC/USD one-hour chart. Source: Cointelegraph/TradingViewGeopolitical tensions and macroeconomic headwinds weighed on crypto markets as appetite for risk assets faded.Trading firm Mosaic Asset Company said rising US Treasury yields were a key driver of the sell-off.“Massive moves are underway across the yield curve despite a weaker than expected consumer inflation report,” it wrote, referring to the latest US Consumer Price Index (CPI) report.Mosaic said the two-year yield was particularly prone to influence the outlook on Federal Reserve interest-rate changes, with risk assets suffering as a result of additional hikes.“The 2-year yield that tends to lead fed funds is now at 4.31% and sits well above the Federal Reserve’s target range,” it continued.US two-year Treasury yield one-week chart. Source: Cointelegraph/TradingViewThe latest data from CME Group’s FedWatch Tool showed that markets still expected the Fed to leave rates unchanged next week, while pricing in a 0.25% hike in September as one of two increases expected before the end of 2026.Mosaic added that those expectations were “placing downward pressure on stock indexes.”Fed target-rate probability comparison for September FOMC meeting (screenshot). Source: CME GroupBitcoin price “plunge protection team” returnsIn ongoing market monitoring, crypto trader Killa said BTC was repeating a familiar short-term trading pattern.Related: BTC supply in profit eyes 60%, but analysis hints recovery may ‘roll back over’“Textbook setup on $BTC. Seen this occur numerous times,” they said on X, repeating a post from early June in which they identified a “plunge protection team” active on the largest crypto exchange Binance.A chart accompanying the post showed layers of bid liquidity below the spot price, with its owners potentially not planning for the positions to be filled.BTC/USDT chart with order-book liquidity data. Source: Killa on X.comAnalytics account Wealthmanager focused on $64,000, warning that a break below that level would “invalidate” the low-timeframe market structure.Trader and analyst Rekt Capital, meanwhile, doubled down on the theory that BTC/USD was repeating behavior from its 2022 bear market, rejecting from the 50-month exponential moving average (EMA) at $65,950.“Bitcoin hasn’t really offered any evidence to the contrary. Still following 2022 historical tendencies,” he summarized.BTC/USD one-month chart with 21, 50EMA. Source: Rekt Capital on X.com
