Bitcoin Reacts to Bessent Bond Comments as Monthly Close Volatility Starts

Bitcoin Reacts to Bessent Bond Comments as Monthly Close Volatility Starts

Bitcoin sees volatility with hours until the monthly candle close as US Treasury Secretary Scott Bessent discusses bond yields.

Treasury Secretary Bessent: U.S. bond market is outperforming other global bond markets

Treasury Secretary Scott Bessent joins 'Squawk on the Street' to discuss bond yields, why he says the U.S. bond market is outperforming other global bond markets, why he says he's on the same page as Fed Chairman Warsh when it comes to bonds, and more.

Bitcoin Starts Volatile Monthly Close as US Bond Yields Near 20-Year High

Bitcoin (BTC) experienced volatile trading around the $78,000 level as August approached its monthly close, while rising US Treasury yields added pressure to risk assets. BTC/USD traded in a relatively narrow range during Monday’s Wall Street session, with the cryptocurrency briefly falling before recovering and trading around 1% higher on the day. Bitcoin rebounded after […] The post Bitcoin Starts Volatile Monthly Close as US Bond Yields Near …

Bitcoin Reacts to Bessent Bond Comments as Monthly Close Volatility Starts - Invest In Crypto News

Bitcoin (BTC) gyrated around $78,000 at Monday’s Wall Street open as US bond yields neared 20-year highs again. Key points: Bitcoin reacts as the US Treasury Secretary comments on bond markets in a mainstream media interview.Analysis warns that bonds are “ignoring” policy changes as new 20-year highs loom for the 30-year yield.BTC price analysis sees an emerging hidden bearish RSI divergence contributing to month-end weakness. Bitcoin spikes as …

Bitcoin Fluctuates as US Bond Yields Target a New 20-Year High

Bitcoin traded around the $78,000 area at the open of Wall Street on Monday as US bond yields pushed back toward multi-year highs. The move tied back to fresh comments from US Treasury Secretary Scott Bessent, who signaled the Treasury was considering further action at the long end of the curve, even as yields continued [...]

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

Rising US bond yields challenge Bitcoin's appeal, highlighting broader concerns about fiscal sustainability and risk asset volatility. The post Bitcoin faces volatility as US bond yields approach 20-year high appeared first on Crypto Briefing.