Ouch. The U.S. 30-year Treasury yield just hit 5% and bitcoin may pay the price

Rising U.S. Treasury yields — highlighted by the 30-year hitting 5% (the highest since July 2025) — combined with hawkish Fed dissent and an oil price surge, are creating a macro headwind for bitcoin. A firmer dollar and more attractive risk-free yields are encouraging capital to rotate out of non-yielding risk assets, weighing on BTC, which traded near $75.7k and was down about 2% on the day. The piece frames higher yields, elevated inflation expectations from oil, and tighter financial conditions as likely to pressure crypto and other risk assets until policy signals change.