Crypto
Bond Yields Surge, Putting Pressure on Bitcoin
Global bond yields have risen significantly, putting pressure on Bitcoin and other risk assets.
The U.S. 10-year Treasury yield has climbed back to around 4.96% as of September 21, while high oil prices are fueling inflation fears and expectations for further Fed rate hikes.
This tightening macro backdrop is a major downside risk for crypto, despite Bitcoin remaining relatively resilient due to strong demand near $84,000 and ETF inflows.