Rising Treasury Yields Renew Pressure on Bitcoin and Stocks

Forecast Trend Report by Period

Rising U.S. Treasury yields may intensify pressure on risk assets including Bitcoin, according to CoinDesk.

CoinDesk, citing Jurrien Timmer, Fidelity Investments' director of global macro, reported on August 11 that Treasuries became a competing asset to stocks during the long rise in yields from the 1960s through the mid-1990s. In a post on X, Timmer wrote that investors who ignored the rising opportunity cost of capital paid a steep price in the 1987 Black Monday crash.

Black Monday refers to the October 19, 1987, plunge in the Dow Jones Industrial Average, which tumbled 22.6% in a single day. It remains the largest one-day decline on record.