Bitcoin (BTC) trades below $78,000 on Thursday, maintaining a near-term corrective tone amid hawkish macroeconomic factors. US bond market shrugs off the US Treasury’s increase in buyback operations to $6 billion in long-term debt as yields continue to rise, signaling an insufficient step amid the ongoing war with Iran.

CoinMarketCap’s Fear and Greed shows a reading of 70, projecting a consistent risk-on sentiment in the crypto market, but is down from 78 last week, indicating moderation. Near Protocol (NEAR) and Zcash (ZEC) have sustained gains over the last 24 hours, emerging as top performers.

Bitcoin extends pullback as buying pressure eases

Bitcoin trades around $77,992 at press time on Thursday, maintaining a corrective tone so far…