Rising US 10-year Treasury yield pressures Bitcoin, risk assets

The yield on the U.S. 10-year Treasury note has climbed to 4.27%, its highest level in four months, creating downward pressure on risk assets including Bitcoin, according to CoinDesk. The media outlet attributed the increase to threats of European tariffs by U.S. President Donald Trump, which has raised the possibility of European nations selling off their U.S. Treasury holdings. As the 10-year Treasury yield is a global benchmark for borrowing costs, its rise can lead to higher rates for mortgages, corporate loans, and auto loans, straining the broader economy. The analysis noted that the cryptocurrency market has also experienced a downturn in response to the yield volatility sparked by these geopolitical risks.