U.S. 30-year fixed mortgage rates rise to 7.24%, the highest level since January 2025. Higher long-end yields imply increased homebuying and financing costs, and also reflect a repricing by the market of inflation persistence and the pace of rate cuts. For long-duration assets, an uptick in the risk-free rate typically weighs on valuations and puts crypto under pressure—moving in tandem. However, over the past two years, its sensitivity to U.S. Treasury yields has gradually dulled at the margin, and it is more driven by its own rhythm. #美众院推进比特币储备法案 $BR