Bitcoin's price has shown resilience in the face of geopolitical tensions, stabilizing above $70,000 after a brief sell-off triggered by events in the Middle East.
The bond market is signaling ongoing macro risk, with yields on U.S. Treasuries surging for four consecutive days, indicating that investors are demanding a higher premium for inflation risk.
This rise in yields could have implications for Bitcoin's price, as it suggests that the Federal Reserve may be less likely to cut interest rates, which had previously sent the cryptocurrency's price soaring.