Bitcoin swings as US bond yields approach a potential 20-year high

Bitcoin entered the monthly close with sharp price movements inside its recent trading range, according to Cointelegraph. The volatility came as US Treasury Secretary Scott Bessent addressed the direction of US bond yields, which were approaching a new 20-year high. The report provided no indication that Bitcoin had broken out of its local range, leaving the cryptocurrency’s near-term price action defined by rapid moves rather than a clear trend. Market participants were focused on the interaction between Bitcoin’s volatility and developments in the US Treasury market as the month ended. The update also highlights the sensitivity of Bitcoin trading conditions to broader financial-market signals, while offering no forecast for the asset’s next move.