US Treasury yields have reached levels unseen in over 20 years, with the 10-year rate exceeding 5.3% and the 30-year rate hitting 5.7%, despite Treasury efforts to contain the rise. According to James Butterfill, head of research at CoinShares, the US bond market could become the primary factor to watch for Bitcoin, even outweighing Federal Reserve decisions. If the yield increase reflects a loss of investor confidence in US public finances, Bitcoin could benefit from its status as an asset independent of states. Bitcoin was trading at approximately $82,400, down nearly 4% over 7 days, while inflows into specialized investment funds have slowed after reaching $11.1 billion since mid-July.
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