Bitcoin gains as US 10-year yield climbs from 3.97% February low Bitcoin is attracting demand as the US 10-year Treasury yield rises from its February low, highlighting growing concerns around inflation, geopolitics, and the US fiscal outlook. Primary reason: Rising Treasury yields and macro uncertainty are strengthening Bitcoin's appeal as a non-sovereign store of value. Secondary reasons: Higher oil prices, Middle East tensions, and renewed inflation concerns are driving investors to seek alternative assets. Near-term market outlook: Bitcoin faces mixed forces. Higher yields can pressure risk assets, but persistent fiscal and geopolitical concerns may continue supporting the long-term hedge narrative. Market Outlook: Neutral to Bullish Bitcoin's role as both a risk asset and a monetary hedge creates conflicting signals, but continued stress in bond markets could support demand from investors looking beyond traditional financial assets.