đš US 30 year Treasury yield just hit its highest level since 2004. đđșđž
The yield climbed to around 5.48%, while the 10 year yield also moved above 5.2%.
Why is crypto watching?
đŠ Higher Treasury yields make traditional fixed income more attractive.
đ” Rising yields have also supported the dollar.
â ïž Higher borrowing costs can tighten financial conditions and pressure risk assets.
For Bitcoin, this doesn't automatically mean a crash.
Crypto is also driven by liquidity, ETF flows, dollar strength, positioning and market expectations.
But one thing is clear:
Macro pressure is getting harder to ignore. đ
The big question now:
đ„ Can Bitcoin stay strong while US bond yields keep climbing?
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