Bitcoin Volatility Increases as US Treasury Yields Approach 20-Year Highs

Bitcoin (BTC) experienced significant price volatility around $78,000 during the US trading session on September 1, amid rising US Treasury yields. The 10-year Treasury yield climbed to 4.76%, its highest level since January 2025, while the 30-year yield reached 5.269%, nearing a record high not seen since January 2007. Market sentiment remains tense despite a brief rebound following comments from Treasury Secretary Scott Bessent regarding potential intervention in the long-term bond market. Although Bitcoin achieved a 25% gain in August, marking its best p