Bitcoin price has risen 84% since January 2024 while Treasury yields climbed

Bitcoin has risen 84% since January 2024 even as Treasury yields climbed, challenging the view that higher yields necessarily weigh on the cryptocurrency. The divergence suggests Bitcoin’s price has been driven by factors beyond interest-rate expectations, though the single comparison does not establish a durable change in its relationship with yields. Bitcoin may therefore remain sensitive to other market and crypto-specific forces.