ING Sees Upside Potential for 10-Year Treasury Yield, Impact on Bitcoin and Crypto Markets

Analysts at ING Bank have identified significant upside potential for the 10-year U.S. Treasury yield. This forecast is based on current economic data and Federal Reserve policy expectations. Rising yields on government bonds can increase the opportunity cost of holding non-yielding assets like Bitcoin (BTC) and Ethereum (ETH), potentially applying downward pressure on crypto valuations. Market participants are closely monitoring this dynamic, as a sustained climb in yields could signal a shift towards traditional safe-haven assets, influencing capital flows across both the crypto and stock markets. The analysis underscores the interconnectedness of traditional finance and the digital asset space.