The cryptocurrency market is experiencing significant pressure as macroeconomic conflicts and global liquidity disruptions intensify. The U.S.-EU tariff threats over Greenland's sovereignty, although softened by Trump, have contributed to market volatility. Simultaneously, rising U.S. and Japanese Treasury yields are exerting downward pressure on global risk assets, including cryptocurrencies, due to increased interest rates and liquidity constraints. Bitcoin, often seen as a safe-haven asset, has been hit hard, reflecting its dependence on U.S. dollar liquidity. The current market decline is attributed to a temporary repricing amid macroeconomic uncertainty rather than a systemic deterioration. The synchronized rise in Treasury yields signals a shift in global financial conditions, impacting high-volatility assets like cryptocurrencies. Despite the downturn, the crypto market is not collapsing but undergoing a reassessment process influenced by external shocks.