๐ Bitcoin Stuck Below 200-Day as Treasury Yields Surge
๐ Rising bond yields are keeping pressure on BTC, while tokenized Treasuries see record demand.
๐น Yields Hit Multi-Month Highs
โก๏ธ 2-year yield: 4.05% โ highest since June 2025
10-year yield: 4.5% โ highest since May 2025
โก๏ธ Hotter CPI & PPI data for April pushed traders to price in higher-for-longer rates, with a 44% chance of a Dec rate hike vs 22.5% a week ago.
๐๏ธ Fed vs. Trump Tug-of-War
Fed funds sit at 3.5%-3.75%. Markets now expect tightening, clashing with Trumpโs call for cuts to 1%. Attention shifts to potential successor Kevin Warsh, seen as more dovish.
โฟ Impact on Bitcoin & Gold
Higher yields raise the opportunity cost of holding non-yielding assets.
โก๏ธ BTC: โผ$81K, still below 200-day SMA โผ$82K. A break above would signal bullish momentum.
โก๏ธ Gold: -0.7% to $4,614
โ๏ธ Tokenized Treasuries Win
As yields rise, on-chain Treasuries gain appeal. Total value locked hit a record >$15B as investors chase yield on-chain.
#Bitcoin #TokenizedTreasuries #Gold #InterestRates #MarketUpdate
$BTC $XAU
๐ Rising bond yields are keeping pressure on BTC, while tokenized Treasuries see record demand.
๐น Yields Hit Multi-Month Highs
โก๏ธ 2-year yield: 4.05% โ highest since June 2025
10-year yield: 4.5% โ highest since May 2025
โก๏ธ Hotter CPI & PPI data for April pushed traders to price in higher-for-longer rates, with a 44% chance of a Dec rate hike vs 22.5% a week ago.
๐๏ธ Fed vs. Trump Tug-of-War
Fed funds sit at 3.5%-3.75%. Markets now expect tightening, clashing with Trumpโs call for cuts to 1%. Attention shifts to potential successor Kevin Warsh, seen as more dovish.
โฟ Impact on Bitcoin & Gold
Higher yields raise the opportunity cost of holding non-yielding assets.
โก๏ธ BTC: โผ$81K, still below 200-day SMA โผ$82K. A break above would signal bullish momentum.
โก๏ธ Gold: -0.7% to $4,614
โ๏ธ Tokenized Treasuries Win
As yields rise, on-chain Treasuries gain appeal. Total value locked hit a record >$15B as investors chase yield on-chain.
#Bitcoin #TokenizedTreasuries #Gold #InterestRates #MarketUpdate
$BTC $XAU