According to CoinDesk, crypto trader and market analyst Chang said that rising bond yields could pose a risk to Bitcoin. He told CoinDesk that while Bitcoin (BTC) remains strong, macro factors could pose a threat. He noted that bond yields are very volatile due to weak demand relative to U.S. Treasury issuance. If Bitcoin is negatively affected, it could be due to yields and the U.S. dollar index. U.S. Treasury yields have been rising due to ongoing U.S. debt problems, excess bond supply, and rising Japanese government bond yields. According to TradingView, the yield on the benchmark 10-year Treasury bond rose 24 basis points in two weeks to 4.55%. Chang expects yields to remain volatile in June and that the correlation between Bitcoin and stocks will become closer. Currently, the two-year Treasury yield is close to 5%.
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Crypto trader Chang warns: Rising bond yields could pose a risk to Bitcoin
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