Bitcoin faces volatility as US bond yields approach 20-year high

Rising US Treasury yields near two-decade highs are increasing volatility across risk assets, with Bitcoin experiencing pronounced price swings. Higher yields raise the opportunity cost of holding non-yielding assets and have triggered risk-off flows that pressure BTC. If yields remain elevated, Bitcoin is likely to face continued downside pressure and heightened volatility; easing yields or renewed risk appetite would likely stabilize and support a recovery.