Crypto holds firm as bond yields hit 2007 highs and Brent crude tops $91, defying broader risk-asset selloff.
Bitcoin traded near $64,100, up 1% on the day, maintaining levels above $64,000 despite macro headwinds from surging bond yields and oil prices. Ether held at $1,893, while most major cryptocurrencies remained flat, except Hyperliquid, which rose 8.3% for the week.
The 30-year Treasury yield climbed to 5.33%, its highest since 2007, as investors priced in persistent inflation and fiscal concerns. Brent crude surpassed $91 a barrel amid escalating US-Iran tensions, further pressuring risk assets. S&P 500 futures fell 0.5%, extending a three-day losing streak.
Despite the downturn in equities and rising yields, bitcoin’s resilience suggests underlying demand, possibly tied to ETF inflows. Analysts are watching whether it can sustain levels above $64,500 amid tightening financial conditions.