Bitcoin news: BTC doesn't care about this widely-feared bond market trend
Summary
Bitcoin has shown little consistent relationship with government bond yields: its 90-day correlation with U.S. 10-year yield moves is about −0.18, with longer-term readings near zero. Its gains since 2021 despite sharply rising yields support that pattern. However, bond-market volatility can still pressure BTC by tightening financial conditions and increasing risk aversion. A 21% jump in the MOVE Index coincided with bitcoin falling from $87,200 to $83,500. Strong U.S. business activity data helped drive Wednesday’s yield surge, while fiscally vulnerable countries also saw yields rise.
