Bitcoin price has risen 84% since January 2024 while Treasury yields climbed
Summary
Bitcoin traded near $83,086 on Oct. 7 while US ten-year Treasury yields were around 5.3%, levels that can make speculative investments less attractive. However, analysis of daily data since 2017 found only weak relationships between Bitcoin returns and changes in nominal or real yields, including after spot Bitcoin ETFs began trading. Monthly results varied by period and showed positive yield correlations in the post-ETF sample, based on just 32 months. Bitcoin rose 84.2% from January 2024 through October 2026 even as yields increased, but the figures do not establish causation or show that ETFs insulated Bitcoin from macroeconomic conditions.
