The 30-year US Treasury yield has reached 5%, its highest level since July 2025, prompting concerns among crypto analysts about the potential impact on bitcoin. This surge in bond yields is attributed to several factors, including internal dissent within the Federal Reserve, elevated oil prices, and rising long-term inflation expectations. As a result, investors may opt for the relatively safe and attractive returns offered by bonds over riskier assets like cryptocurrencies.
Bitcoin, in particular, may face downward pressure due to the current market conditions, with its value already experiencing a decline. Experts believe that the combination of rising bond yields and a stronger dollar will continue to exert pressure on crypto valuations, making the macroeconomic environment unfavorable for bitcoin and other risk assets.