Rising US Treasury yields reduce appeal of risk assets: Decrypt

The U.S. 10-year Treasury yield has climbed 46 basis points since the end of last month to 4.42%, reducing the appeal of risk assets like cryptocurrencies, according to an analysis by Decrypt. The report attributes the yield surge to geopolitical tensions surrounding Iran, rising oil prices, and inflation concerns. However, Decrypt noted that Bitcoin is showing more resilience than the stock market, interpreting this as a phase where BTC is being moved off exchanges for long-term holding. The outlet explained that if the Treasury yield reaches 4.5%, financial market conditions will tighten further, and BTC will become more influenced by macroeconomic variables than its own positive factors.