Bitcoin Falls Back Below $85K As Treasury Yields Jump Above 5%
Bitcoin’s rebound stalled as rising U.S. interest rates weighed on risk assets. BTC slipped back below $85,000 after Treasury yields climbed, with the 10-year yield moving above 5% following stronger-than-expected economic data. A hotter U.S. Composite PMI reading signaled faster growth, which can reduce pressure on the Federal Reserve to cut rates and keep policy restrictive if inflation stays firm. Higher yields make bonds more attractive and raise the hurdle for speculative assets like Bitcoin. BTC had briefly pushed above $87,000 on improved sentiment and institutional buying, but the pullback shows the rally remains highly sensitive to macro conditions. Fresh buying may be needed once short-covering fades, and continued strong data could keep rates elevated and pressure crypto through the coming quarters.
