Gold crashes 3.4% as bond yields climb. Is Bitcoin at risk?

Gold fell 3.4% as rising bond yields strengthened the dollar and reduced demand for non-yielding assets, raising concerns about broader pressure on Bitcoin. Bitcoin could face near-term downside if higher yields continue to tighten financial conditions and drive investors toward cash and Treasuries. However, Bitcoin’s volatility and distinct market drivers mean gold’s decline does not establish a direct or proportional Bitcoin selloff.