#美元指数创2025年5月来新高
The U.S. Dollar Index rose to 101.81 today, hitting a new high since May 2025.
Even more striking, the yield on the U.S. 10-year Treasury briefly surged to 5.34%, the highest level since 2002.
Under the old logic, this combination should be not very friendly to the crypto market.
But BTC didn’t plunge along with the U.S. dollar—today it even surged to around $85,500 before later pulling back to about $83,700.
This suggests that for now, at least in the short term, BTC hasn’t been directly crushed by “U.S. dollar strength.”
What you really need to watch is the Treasury yield.
If the 10-year yield stays above 5.3%, the pressure on BTC’s rebound will become more and more obvious; only if the yield starts to fall will risk assets find it easier to breathe again.
So don’t just focus on DXY for now—the U.S. Treasury yield is the real stress test for this market move.
The U.S. Dollar Index rose to 101.81 today, hitting a new high since May 2025.
Even more striking, the yield on the U.S. 10-year Treasury briefly surged to 5.34%, the highest level since 2002.
Under the old logic, this combination should be not very friendly to the crypto market.
But BTC didn’t plunge along with the U.S. dollar—today it even surged to around $85,500 before later pulling back to about $83,700.
This suggests that for now, at least in the short term, BTC hasn’t been directly crushed by “U.S. dollar strength.”
What you really need to watch is the Treasury yield.
If the 10-year yield stays above 5.3%, the pressure on BTC’s rebound will become more and more obvious; only if the yield starts to fall will risk assets find it easier to breathe again.
So don’t just focus on DXY for now—the U.S. Treasury yield is the real stress test for this market move.