U S 10 Year Yield

Gold remains under pressure as Fed minutes keep the prospect of another rate increase alive before year-end, while elevated Treasury yields and a strong dollar weigh on sentiment. Silver has also weakened after breaking below $59.96, with traders watching whether the next downside levels come into focus.

Bitcoin has shown little consistent relationship with government bond yields over longer periods, challenging the view that rising yields are automatically bearish for BTC. Short-term bond market turbulence remains a risk, after a jump in Treasury volatility coincided with a sharp BTC pullback.

Bitcoin has regained momentum, but cost-of-capital measures suggest the rally may be less powerful than headline prices imply. FXCOINZ examines why yield-adjusted valuations and stronger oil prices could complicate the case for a sustained bull run.