Can I bleach yarn?
Regarding this, can I bleach acrylic yarn?
Acrylic yarn can not be bleached. In fact, that's one of the ways to test "mystery yarn" (for example, if you unravel a sweater you bought at a thrift store or second-hand shop). Snip off a piece and put in in bleach. If nothing happens, it's acrylic.
Additionally, can you bleach cotton yarn?
To safely bleach an item made of cotton, fill a bucket with cold water, then stir in 1/4 cup of bleach for every 1 gallon of water. Soak the cotton item in the bleach solution for 5 minutes if you're trying to remove stains, and for about 10 minutes if you're trying to lighten the color of the fabric.
 But wool is acidic. When you combine acidic wool with basic household bleach, you get a chemical reaction called a neutralization reactionand the result is that the bleach dissolves the wool fibers into a goopy mess!