Bitcoin Price Faces Potential Drop Amid Rising Treasury Yields and Gold’s Climb

Bitcoin’s price is facing headwinds with rising long-term US Treasury yields and a surge in gold prices, both potentially leading to market uncertainty. The increasing long-term yields are prompting investors to shift away from risk assets, including Bitcoin, which usually moves inversely to US Treasury yields. 30-year US Treasury yield surpassed 5% recently, while Japan’s 30-year Government Bond yield reached a new high, causing traders to steer clear of risky investments. This trend is impacting Bitcoin, which has been showing slow recovery but is currently under pressure from these headwinds.