Bitcoin Surges as US Yields Rise

10-Year Treasury Yield Rises Amid Easing U.S.-China Tensions

• The 10-year Treasury yield increased to 4.5%, up from 4.1% in early April.
• A temporary rollback in tariffs between the U.S. and China improved market sentiment.
• Bitcoin’s price is near its January all-time high, trading at $104,000.
• Traders now expect two Federal Reserve rate cuts by year-end, down from four previously anticipated.
• April inflation data was lower than expected, possibly due to firms stockpiling ahead of tariffs.

The yield on the U.S. 10-year Treasury note rose above 4.5%, reflecting improved investor sentiment following a tariff reduction between the U.S. and China. Meanwhile, Bitcoin remains close to its record high at $104,000.