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Bitcoin (BTC) gyrated around $78,000 at Monday’s Wall Street open as US bond yields neared 20-year highs again.
Key points:
- Bitcoin reacts as the US Treasury Secretary comments on bond markets in a mainstream media interview.
- Analysis warns that bonds are “ignoring” policy changes as new 20-year highs loom for the 30-year yield.
- BTC price analysis sees an emerging hidden bearish RSI divergence contributing to month-end weakness.
Bitcoin spikes as Bessent discusses bond yields
Data from TradingView showed BTC/USD trading in a narrow range, up around 1% on the day.
BTC/USD one-hour chart. Source: Cointelegraph/TradingView
After falling into the start of the US trading session, the pair saw a swift rebound as US Treasury Secretary Scott Bessent hinted at further interventions in the US bond market. In an interview with CNBC, Bessent stressed that he had not yet acted to shore up the long end of the yield curve — 10-year and 30-year…
