Bitcoin (BTC) price has risen due to a surge in U.S. bond yields, with the 30-year Treasury note (government bond) rising to its highest since July 2025. This has led to a 2% drop in BTC trading at $75,670 over 24 hours. Analysts believe that rising yields are a headwind for bitcoin, which is currently the world's largest cryptocurrency by market value and a macro asset. The rise in yields typically leads to capital rotation out of non-yielding risk assets like bitcoin and technology stocks. The 10-year yield is also rising, indicating a financial tightening where borrowing becomes costly. The Fed left its rates at 3.5% and 3.75%, but internal dissent from three out of 12 voting officials has surprised markets, leading to expectations for higher-for-longer interest rates. The surge in bond yields has also exacerbated inflation expectations.