Bitcoin (BTC) continued to consolidate around monthly lows on Tuesday as U.S. bond yields approached their highest levels in 20 years. According to TradingView data, the BTC/USD pair remained below the $77,000 threshold at the start of Wall Street trading. This is reported by Cointelegraph.com .
Macroeconomic pressure is focused on the U.S. bond market, with 30-year bond yields reaching their highest peak since July 2007. This situation has negatively impacted stocks, as well as gold and silver prices. Specifically, the price of gold (XAU/USD) fell below $4,500, marking its lowest level since the end of March.
Ole S. Hansen, Head of Commodity Strategy at Saxo Bank, noted that shifts in the bond market indicate that investors are demanding higher compensation amid concerns over energy inflation and budget deficits. According to him, the market reaction remains dependent on oil prices, inflation expectations, and central bank interest rate decisions.
Reports that U.S. President Donald Trump called off strikes on Iran did not bring significant relief to the markets. Meanwhile, crypto analyst Michaël van de Poppe warned that high bond yields and expensive oil prices are acting as a double-edged pressure on Bitcoin.
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