U.S. Treasury Yields Rise: Impact on Crypto Markets Amidst Reduced Market Volatility

A recent surge in U.S. 10-year Treasury yields, reaching 4.454% in a single day, has sent ripples through financial markets and crypto ecosystems alike. This rise coincides with a decline in the MOVE Index, which measures market volatility. These dynamics suggest potential positive momentum for crypto assets in the near future. While the relationship between Treasury yield increases and Bitcoin price movements is not always straightforward, historical data reveals a notable inverse correlation between volatility and Bitcoin’s performance.