Bitcoin Price Alert: Stubborn U.S. 10-Year Treasury Yield Defies Fed Rate Cut Expectations

Bitcoin investors anticipating a bullish surge from potential Federal Reserve rate cuts are facing a significant macroeconomic hurdle. The yield on the benchmark U.S. 10-Year Treasury note remains stubbornly high, defying widespread market hopes for imminent monetary policy easing. This persistent yield signals that the broader financial markets remain cautious about inflation and the future path of interest rates. For Bitcoin (BTC) and risk assets, a higher-for-longer yield environment typically increases the opportunity cost of holding non-yielding assets and strengthens the U.S. dollar, creating headwinds for price appreciation. While the long-term narrative for Bitcoin remains intact, the current bond market dynamics suggest that traders should monitor this key indicator closely, as it may delay or temper the expected bullish momentum from any Fed policy shift.