Bitcoin Stuck Below 200-Day Moving Average Amid Rising Treasury Yields

Bitcoin's price has been struggling to surpass its 200-day moving average, a key indicator of long-term trend in the cryptocurrency market. The current price of around $80,400 is below this level, which is just above $82,000. This resistance is causing analysts to speculate that the Federal Reserve may need to raise interest rates to combat high inflation.

The two-year Treasury yield has been rising steadily, reaching 4.05% in early trading on May 15. This is a level not seen since June 2025 and has contributed to concerns that consumer prices will remain high. As a result, the bond market is signaling that expectations for interest rate cuts this year are fading.