Bitcoin Holds Local Uptrend as US Bond Yields Retreat From 24-Year Highs

The significance lies in the timing: a retreat in yields from multi-decade highs is the kind of macro relief that risk assets, including bitcoin, tend to respond to, and the pairing here suggests correlation rather than independent strength. That matters for traders watching bitcoin as a liquidity-sensitive asset rather than a safe haven. The open question is whether bitcoin's higher-low structure holds if yields resume climbing, or whether the local uptrend was merely borrowing momentum from the bond market.