usbondyields

Macro headwinds for Bitcoin

Bitcoin faces heavy volatility during its monthly close as surging US bond yields put pressure on risk assets.

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Bitcoin sees sharp volatility as US bond yields head toward a 20-year high

• Bitcoin witnessed sharp price fluctuations within a local range during the month-end volatility period.
• U.S. Treasury Secretary Scott Bessent commented on yields of U.S. government bonds.
• U.S. Treasury yields are nearing the highest level in 20 years.
• This move reflects the link between U.S. macro policy and the Bitcoin price trend.

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Source: CoinTelegraph