Bitcoin Volatility Rises with Bond Yields Near 20-Year Highs
The Bitcoin (BTC) price fluctuated around $78,000 at Monday's Wall Street opening as US bond yields neared 20-year highs.
US Treasury Secretary Scott Bessent commented on the bond market in a recent interview with CNBC, stating that he had not yet acted to shore up the long end of the yield curve. The 10-year yield reached its highest levels since January 2025 at 4.76%, while the 30-year yield climbed to 5.269%, just six basis points short of its highest level since January 2007.
The trading resource, The Kobeissi Letter, noted that the bond market appears to be ignoring US Treasury policies. Ray Dalio previously expressed skepticism about the Treasury's ability to control bonds and forecasted a future US debt crisis, suggesting Bitcoin and gold as potential hedges.