Bitcoin traded around $84,394, up 1% in the past 24 hours, while Ether reached $2,731, up 1.5%. The 30-year U.S. Treasury yield closed at 5.56% and the 10-year at 5.24%, their highest levels in years, pressuring risk assets amid geopolitical tensions and inflation worries. Crypto held relatively steady despite the macro headwinds, with Avalanche rising 13%.
What it moves
BTC, ETH, AVAX
Bull vs bear
Bulls see crypto's relative resilience against spiking yields as a sign of growing institutional conviction and decoupling from traditional risk assets. Bears argue that sustained multi-year high Treasury yields will continue to weigh on liquidity and risk appetite, eventually dragging Bitcoin and altcoins lower.