Bitcoin remains resilient amid rising oil prices, Treasury yields

Bitcoin has shown resilience despite a surge in international oil prices and rising U.S. Treasury yields. The 10-year Treasury yield has reached its highest level since 2023 due to U.S. fiscal concerns, while West Texas Intermediate crude futures have surpassed 90 dollars per barrel. Higher oil prices are contributing to inflationary pressures and limiting the Federal Reserve's ability to cut rates. These factors are negatively impacting equities, and gold prices have also seen a sharp decline. In this context, Bitcoin has experienced only limited losses, although a rebound in the U.S. Dollar Index against six major currencies could exert downward pressure on BTC prices.

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