🚨 Bitcoin Is Watching Treasury Yields — NFP Could Set the Next Move 👀
$BTC is sitting around $84.8K after gaining roughly 1%, but the interesting move happened in the bond market.
The U.S. 10-year Treasury yield dropped from around 5.36% to 5.22%, while the 2-year yield also moved lower as traders reduced expectations for another near-term Fed hike.
That shift matters for Bitcoin.
When Treasury yields pull back, the pressure from higher “risk-free” returns can ease, potentially giving risk assets more breathing room.
Now all eyes are on the U.S. jobs report.
Economists are looking for roughly 90K new jobs and a 4.1% unemployment rate.
The reaction could be important:
📉 Weaker jobs data → potentially lower yields → less Fed tightening pressure
📈 Stronger jobs data → yields could rebound → tighter financial conditions may return
There are other macro risks too. Brent crude has moved back above $100, while European bond-market stress and higher manufacturing input prices are keeping inflation concerns alive.
So Friday isn't just another NFP release.
It could give markets a clearer signal on whether the recent Treasury-yield pullback has room to continue — and that could directly influence BTC's next move.
For now, $84K–$86K remains an important area to watch as macro volatility builds.
Market commentary only — not financial advice. Crypto remains highly volatile. DYOR.
$BTC #Bitcoin #NFP #Fed #TreasuryYields #Crypto
