**🚨 Just In: Impact of U.S. Treasury Yields on Bitcoin Prices 📢**

Bloomberg reports that the U.S. 10-year Treasury yield has surged to its highest level since 2007, and this development is negatively affecting the rise in Bitcoin prices. According to the media, despite the launch of the Ethereum futures ETF propelling BTC above $28,500, Bitcoin hasn't exhibited the expected upward trend. The increase in U.S. Treasury yields is believed to exert significant downward pressure on Bitcoin. This surge in yields reflects market sentiment of a prolonged Federal Reserve interest rate hike policy, which is generally considered unfavorable for high-risk assets like cryptocurrencies.

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