Bitcoin faces volatility as US bond yields approach 20-year high

Bitcoin is navigating heightened volatility as US Treasury yields climb toward two-decade peaks, challenging the asset's traditional positioning as a hedge. The moves reflect broader market anxiety around fiscal sustainability and how rising yields affect risk-asset appetite. Treasury Secretary Scott Bessent's recent comments on the yield environment triggered sharp price swings for Bitcoin within its established trading range, underscoring how closely crypto markets track macroeconomic signals and policy messaging.

• Rising bond yields are pressuring Bitcoin's appeal by making traditional fixed-income instruments more attractive relative to risk assets.
• Policy commentary from Treasury leadership is driving near-term price volatility rather than sustained directional moves.