Bitcoin climbs to $83,684 even as 10-year Treasury yield hits 5.31%
- —US 10-year Treasury yield: 5.31% on Oct 5, 5.24% on Oct 9
- —Bitcoin gained 43%, from $58,586 on June 30 to $83,684 on Oct 11
- —BTC/10-year yield correlation: -0.18 over 90 days, -0.03 over one year
- —Analysts point to bond volatility and the Fed's tightening path rather than the yield level itself
Why it matters: The weak correlation with Treasury yields shows rates alone do not drive bitcoin, leaving bond volatility and Fed policy as the key risk-asset signals.
Source: TokenPost