Bitcoin and Risk Assets Under Pressure as 30-Year Yields Push Above 5%
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A recent auction of 30-year US Treasuries priced at a 5.06% yield has pushed long-term borrowing costs higher and refocused attention on monetary policy tightness. Market observers warn rising yields ahead of the Fed's next policy meeting could pressure Bitcoin and other risky crypto assets, increasing near-term risk for DeFi, DEX tokens, adoption and fundraising.
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A recent auction of 30-year Treasury bonds, sold at a yield of 5.06%, has brought rising long-term US borrowing costs back into focus.
Specifically, it has revived concern among certain market observers about how tighter monetary conditions could impact Bitcoin (BTC) and other risky assets, just as investors are getting ready for the Fed’s next policy meeting.
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