Bitcoin price is back under heavy pressure, falling roughly 1.5% over the past day and trading around $77,000 as macroeconomic conditions once again take control of the crypto market. The sell-off came as hotter U.S. inflation, surging oil prices and rising Treasury yields created a difficult combination for risk assets. Bitcoin briefly dropped below $77,000, while U.S. equities also moved lower as investors reconsidered the outlook for Federal Reserve interest rates.