The yield on the U.S. 10-year Treasury note moved to 4.55%, a level not seen since May, signaling tighter financial conditions that can pressure risk assets including crypto.
U.S. 10-year Treasury yields rose to 4.55%, the highest level since May. The move matters for digital asset markets because higher government bond yields can make lower-risk assets more attractive and reduce demand for riskier holdings such as cryptocurrencies. Treasury yields are closely watched by investors as a benchmark for borrowing costs and market sentiment.