Home›Crypto›Market Structure›Bitcoin stays above $64,000 as Treasury yields and Bre…

Bitcoin stays above $64,000 as Treasury yields and Brent rise

The 30-year Treasury yield climbed to 5.33% for the highest level since 2007, while Brent crude pushed above $91 a barrel amid escalating US-Iran tensions.

Reported · Written up by our desk · Market Structure

Bitcoin was trading near $64,100 on Tuesday, up about 1% on the day and holding above $64,000 as higher bond yields and rising oil prices weighed on overall risk appetite, according to CoinDesk data.

Ether was near $1,893, while most major cryptocurrencies were flat. Hyperliquid was the week's outlier, up 8.3%.

The pressure cited for crypto came from macro moves, including the 30-year Treasury yield rising to 5.33%, its highest level since 2007. CoinDesk also pointed to Brent crude topping $91 per barrel as the US-Iran conflict escalated.

CoinDesk noted that Bitcoin has remained relatively firm even as long-dated yields climbed and S&P 500 futures fell 0.5%, with stocks headed for a third straight day of losses. The outlet linked the dynamic to how crypto moves with broader risk conditions, despite Bitcoin being in a supporting range for now.

Latest closeWTI crude $95.27 ▲3.4%|Brent $100.98 ▼2.0%|Bitcoin $84,310.25 ▼0.1%

More like this

Sources