October 12th 2026, 10:04 AM
US Bond Market Pressure Weighs on Bitcoin Recovery
Key Summary
The US bond market surge has put pressure on Bitcoin, with Treasury yields reaching a 24-year high and investors shifting to government bonds. The next major test comes with the US inflation report on October 14, which could impact Treasury yields and Bitcoin's direction.
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US Bond Market Impact on Bitcoin
The surge in US bond yields has led to increased pressure on Bitcoin, with Treasury yields reaching a 24-year high. This shift in investor preferences has created additional pressure on Bitcoin and other speculative assets.Crypto Market Weakness Goes Beyond Bitcoin
The broader crypto market has also suffered losses, with Bitcoin declining 3.80% and Ethereum losing 8.39%. Decentralized finance tokens, such as Uniswap and PancakeSwap, have also struggled.Inflation Report to Decide Bitcoin's Direction
The US inflation report on October 14 will be a critical test for Bitcoin. Higher-than-expected inflation could strengthen expectations that the Federal Reserve will keep interest rates elevated, leading to further selling pressure on Bitcoin. Conversely, softer inflation could ease pressure on bond yields and support a crypto recovery.Bitcoin's Next Move Depends on Treasury Yields
The direction of bond yields remains critical. A sustained decline could improve investor appetite for risk and help Bitcoin recover. However, Bitunix warns that Bitcoin could remain vulnerable to further losses while US government bonds continue offering unusually attractive returns.#Bitcoin#US#Crypto#SEC#InflationReport