Rising US Treasury yields put bitcoin's 'Uptober' to the test
- —10-year Treasury yield at 5.15%, five-year at 4.94%
- —US spot bitcoin ETFs lost $910 million over two weeks
- —Crypto Fear & Greed index fell from 74 to 55 in October
- —Kalshi odds of BTC above $87,500 this month dropped from 72% to 26%
Why it matters: Higher yields raise bitcoin's opportunity cost; the Fed decision on Oct. 28 and the BOJ on Oct. 30 will set the market's near-term direction.
Source: Bloomingbit