bitcoin
Bitcoin and Treasury yields fall together in rare divergence as $80,000 recovery fails
Bitcoin dropped 8.25% while real yields declined 16 basis points, raising questions about why a historically supportive macroeconomic shift has offered little relief.
Bitcoin is struggling to recover despite falling US Treasury yields, as technology-stock weakness and persistent ETF withdrawals weigh on demand. 30, the world's largest cryptocurrency declined 8.25%, falling from approximately $84,134 to $77,191, according to CryptoSlate's data.
Over the same period, the Federal Reserve's data shows that yields on 10-year inflation-protected US Treasuries fell from 2.76% to 2.60%, down 16 basis points. The Nasdaq-100 also lost 4.82%, reflecting mounting pressure on technology stocks.
The divergence is notable because lower real Treasury yields typically reduce the opportunity cost of holding non-yielding assets such as Bitcoin. However, selling pressure across crypto and parts of the equity market has overwhelmed that potential support. 2, the Nasdaq-100 declined another 1.39%, while Bitcoin's daily Coinbase price observation fell 1.34% to approximately $77,062 from the previous day.
