Rising US Treasury yields weaken BTC's investment appeal, analysis suggests

The rising yield on U.S. 10-year Treasury Inflation-Protected Securities (TIPS) is weakening Bitcoin's investment appeal, according to an analysis by CoinDesk. TIPS, which are government bonds that account for inflation, are used as a market indicator for real interest rates. The outlet explained that the 10-year TIPS yield has climbed by over 30 basis points since the initial U.S. attack on Iran. This yield represents the real return offered by the bonds, and as it increases, capital tends to flow out of risk assets and non-yielding assets. Separately, Bitfinex projected that a Bitcoin recovery would be difficult unless the Federal Reserve cuts interest rates or market liquidity improves.