[Analysis: US debt and fiscal deficit concerns are rising, Bitcoin is under pressure to fall back, and the market is concerned about whether Besant will intervene in the bond market again] According to BlockBeats, on September 2nd, Forbes reported that Bitcoin has fallen nearly 10% since breaking through $81000 last month, and its price has dropped to around $76000. With concerns about US debt, fiscal deficit and global financial market turmoil rising, and the volatility of the crypto market intensifying, investors began to pay attention to whether US Treasury Secretary Vincent Besant would intervene in the bond market again. Yardeni Research President Ed Yardeni stated that the market is concerned that the "bond vigilantes" are driving up yields, expressing dissatisfaction with the huge government deficit, continuously increasing debt, and rapidly rising interest costs. He predicted that if the yield of the US 10-year treasury bond bond reaches 5%, there will be strong demand in the bond market, which may include Besant. If necessary, Besant may raise funds by issuing additional short-term treasury bond and then use them to buy back long-term treasury bond to avoid panic of selling in the bond market. Last month, Besent unexpectedly promised to provide support for the bond market to reduce government borrowing costs, which subsequently led to a significant increase in Bitcoin prices. However, the global bond yield rose again this week. The yield of the US 10-year treasury bond bond once rose to 4.814%, the highest since November 2023. At the same time, concerns about the potential escalation of the US Iran conflict have led to international oil prices returning to around $90 per barrel, pushing up financing costs for the US and other major economies, and making the market more focused on potential next steps that Besant may take. [Original link]