Bitcoin dipped below $80K after hitting $81,237 as gold retreated from three-month highs near $4,677, driven by falling US bond yields and

Bitcoin and gold surged last week week as investors moved into alternative assets amid turbulence in U.S. bond markets and fresh support for the crypto sector from Washington.

A surprise bond buyback triggered a squeeze that liquidated over $4 billion in bearish crypto bets and sent bitcoin past $77,000.