#Economic #crypto #stocks
US 30-year bond yields above 5% again: what does this mean for Bitcoin and risky assets? 📈📉
The yield on the US 30-year Treasury bond reached 5.06% in the latest auction, the highest level since 2007 (for comparison, at the beginning of 2022 it was around 2%).
The US government is forced to pay more to raise debt, and this is creating new macroeconomic pressure on cryptocurrencies and stocks.
📊 Key takeaways:
• Risk alternative: When “risk-free” Treasuries yield more than 5% per annum, it is much more difficult for investors to justify holding high-risk and speculative assets.
• Competition for capital: US debt is rising, and tech giants are simultaneously issuing record volumes of their own bonds to finance AI infrastructure. Both sectors are competing for the same pool of liquidity.
• Bitcoin Position: $BTC is trading around $64,000 (almost 49% below its all-time high of $126,000 reached in October 2025). The price is currently in a narrow range, but higher discount rates are limiting upside potential.
🔍 What’s next?
All eyes are on the Fed meeting on July 29. The market is pricing in an 86% chance of keeping interest rates unchanged. The key level to watch for now is the May peak of bond yields at 5.20% — a breakout above it could trigger a new wave of risk-off assets.
US 30-year bond yields above 5% again: what does this mean for Bitcoin and risky assets? 📈📉
The yield on the US 30-year Treasury bond reached 5.06% in the latest auction, the highest level since 2007 (for comparison, at the beginning of 2022 it was around 2%).
The US government is forced to pay more to raise debt, and this is creating new macroeconomic pressure on cryptocurrencies and stocks.
📊 Key takeaways:
• Risk alternative: When “risk-free” Treasuries yield more than 5% per annum, it is much more difficult for investors to justify holding high-risk and speculative assets.
• Competition for capital: US debt is rising, and tech giants are simultaneously issuing record volumes of their own bonds to finance AI infrastructure. Both sectors are competing for the same pool of liquidity.
• Bitcoin Position: $BTC is trading around $64,000 (almost 49% below its all-time high of $126,000 reached in October 2025). The price is currently in a narrow range, but higher discount rates are limiting upside potential.
🔍 What’s next?
All eyes are on the Fed meeting on July 29. The market is pricing in an 86% chance of keeping interest rates unchanged. The key level to watch for now is the May peak of bond yields at 5.20% — a breakout above it could trigger a new wave of risk-off assets.