Bitcoin volatile monthly close as US bond yields eye 20-yr high

The convergence of rising US bond yields and Bitcoin's heightened intraday volatility underscores how macro rates remain the dominant driver for risk assets, including crypto. Bessent's remarks appear to be the catalyst, but the underlying tension is whether sustained high yields will force a repricing of Bitcoin's store-of-value narrative versus its sensitivity to liquidity conditions. For market participants, the key dynamic is the feedback loop: if yields keep climbing, crypto may remain tethered to traditional finance's stress signals, potentially compressing the asset's independence. Whether Bitcoin can decouple from this macro gravity or continues to mirror bond market jitters is the central question, as the local range suggests consolidation rather than directional conviction.