MarketPR
$BTC is holding near $77,000 as a global bond selloff drives yields sharply higher and renewed U.S.-Iran tensions send oil prices up, compressing the room for a cryptocurrency that had been building post-rally momentum.
The session is carrying two simultaneous macro signals, and the tape is doing the work of deciding which one prices in first.
What the bond selloff means for the setup A global bond selloff with surging yields is not a comfortable backdrop for an asset that offers no income.
Bitcoin's case has often been made on scarcity and store-of-value arguments, but when sovereign bonds across major markets are repricing to meaningfully higher yields, the opportunity cost of holding a non-yielding asset climbs with them.
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