Bitcoin price falls as US Treasury yields rise

Bitcoin prices remained near their lowest levels in a month on Tuesday, as U.S. Treasury yields climbed to their highest levels in two decades, weighing on risk assets. This was reported by Zamin.uz.

According to trading data, Bitcoin continued to trade below the $77,000 mark at the opening of Wall Street, reflecting broader caution in global financial markets.

Currently, macroeconomic pressure is primarily directed at the U.S. government bond market, where 30-year Treasury yields have risen to their highest level since July 2007. This shift is negatively affecting not only the cryptocurrency market but also equities and precious metals.

For example, gold prices have declined significantly, hitting their lowest levels since the end of March. Leading market analysts attribute this sharp movement in the bond market to growing concerns over rising energy prices and fiscal imbalances.

Investors are demanding higher returns to protect their capital, and the market’s future direction will largely depend on oil price trends, inflation expectations, and decisions by central banks on interest rates.

Recent political developments in the United States have also failed to provide the anticipated boost to financial markets. Cryptocurrency experts warn that high-yielding bonds and rising oil prices are creating a dual pressure on Bitcoin, acting as a two-sided headwind.

Under these conditions, holders of digital assets are advised to exercise caution and closely monitor global economic developments. The market’s trajectory in the coming weeks will hinge on the stabilization of key economic indicators.