Why Rising Treasury Yields Are Keeping Bitcoin Below $67,000

• Bitcoin has been trapped between the $67,000 and $61,500 range for several weeks.
• Rising global Treasury Yields are the main catalysts suppressing Bitcoin’s price.
• BTC would need strong crypto-specific catalysts to break the $67,000 barrier.

Bitcoin has traded below the $67,000 milestone for the past six weeks, coinciding with a sharp rise in global government bond yields. The US 30-year Treasury reached its highest level in 20 years at 5.333%, while long-term yields in Japan, Germany, and France also surged to levels not seen in decades.

This coincidence has prompted several inquiries among crypto community members, with investors questioning the bond market’s influence on Bitcoin’s price. One of the most pressing questions is why and how surging Treasury yields can weigh on Bitcoin, and what needs to change for the cryptocurrency to break above the $67,000 …

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