Bitcoin begins volatile monthly close as US bond yields eye new 20-year high

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Bitcoin entered a volatile month-end as US Treasury yields pushed toward a two-decade high. Rising yields are tightening risk appetite and strengthening the dollar, increasing selling pressure on risk assets including BTC and amplifying price swings ahead of the monthly close. The key implication is that persistent yield strength could cap near-term Bitcoin upside and elevate downside risk, making heightened volatility and cautious positioning likely until yields stabilize.

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