Bitcoin holds near $64,000 as Treasury yields hit highest since 2007

Bitcoin traded around $64,100 on Tuesday after rebounding from roughly $62,600 a day earlier, retaining most of its gains even as rising U.S. Treasury yields and firmer oil prices pressured broader risk sentiment. The move came with the 30-year Treasury yield reaching 5.33%, its highest intraday level since 2007, and Brent crude nearing $94 a barrel after a 60-day U.S.-Iran ceasefire expired without a deal. Investor focus has shifted to Wednesday's release of the July 28-29 FOMC (Federal Open Market Committee) minutes and a White House meeting expected to bring President Donald Trump together with executives from Coinbase, Ripple and Andreessen Horowitz. Derivatives data pointed to selective bullishness in bitcoin, with annualized perpetual funding rates (recurring payments in perpetual futures) at a 20-month high, bitcoin futures open interest (total outstanding contracts) holding near 750,000 BTC and call options led by the $70,000 September 25 strike. Even so, CryptoQuant said bitcoin's Coinbase Premium Index (price gap between Coinbase and global exchanges) has stayed negative for more than three months, signaling subdued U.S. institutional demand, while South Korean trading metrics and a Fear and Greed reading of 41 suggested caution. Analysts are watching $65,000 as near-term resistance and $73,000 as a longer-term upside target.

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