BTC stays resilient despite oil, Treasury yield gains, with dollar seen as key risk

Bitcoin has remained resilient despite a surge in international oil prices and rising U.S. Treasury yields, CoinDesk said. The outlet said U.S. fiscal concerns had pushed the 10-year Treasury yield to its highest level since 2023, while West Texas Intermediate crude futures rose above $90 a barrel. It said higher oil prices were adding inflation pressure and narrowing the Federal Reserve’s room to cut rates. Both factors were weighing on equities, and gold prices also fell sharply, according to CoinDesk. Against that backdrop, Bitcoin was holding up with only limited losses, although a rebound in the U.S. Dollar Index, or DXY, against six major currencies could weigh on BTC prices, the outlet said.