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Bitcoin Slides Under $64K Amid Treasury Yield Hike

Guavy AI Editorial Team
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Bitcoin (BTC) dipped below $64,000 on Saturday, reaching approximately $63,919 based on Binance exchange data. This represents a 2.3% pullback within a 24-hour window.

The downward momentum intensified following Friday's Wall Street market opening. Throughout the trading session, BTC/USD fluctuated between $63,703 and $65,396.

Mosaic Asset Company attributed the decline to climbing US Treasury bond yields, which are strengthening market expectations for additional Federal Reserve rate increases.

The two-year Treasury yield advanced to 4.31%, positioning it significantly above the Federal Reserve's present target corridor.

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