Bitcoin Faces Volatility Amid Rising Treasury Yields
- Bitcoin price fell to $93,000 after failing to sustain above $100,000.
- 10-year U.S. inflation-indexed yield reached 2.29%, highest since November.
- BTC options market shows $14.87 billion in active calls, twice the puts.
- $120,000 strike call option holds $1.47 billion in open interest.
The increase in U.S. Treasury yields to 2.29% has pressured Bitcoin prices by reducing the attractiveness of risk assets like BTC, while the options market’s bullish sentiment suggests potential recovery if regulatory conditions improve.
