U.S. 30-Year Treasury Yield Hits 5%, Pressuring Bitcoin and Other Risk Assets

U.S. Treasury yields reflect risk-free dollar returns and broader financial conditions. When long-term yields rise, so does the opportunity cost of holding non-yielding assets such as Bitcoin. Crypto firm sFOX and Indian exchange Giottus said the Federal Reserve’s restrictive stance and a stronger dollar could steer capital toward bonds and weigh on crypto valuations.

The U.S. 30-year Treasury yield rose to 5% on April 30, its highest level since July 2025, while Bitcoin fell 2% to $75,670. On May 15, the two- and 10-year yields climbed to 4.05% and 4.5%, respectively. Bitcoin traded at about $81,000, remaining below its 200-day moving average of $82,000. Dogecoin, meanwhile, gained nearly 10% in a week to $0.105. Coinglass data showed its futures open interest reached 15.36 billion coins, a year-to-date high.