Bitcoin begins volatile monthly close as US bond yields eye new 20-year high

Bitcoin (BTC) gyrated around $78,000 at Monday’s Wall Street open as US bond yields neared 20-year highs again.

Key points:

• Bitcoin reacts as the US Treasury Secretary comments on bond markets in a mainstream media interview.
• Analysis warns that bonds are “ignoring” policy changes as new 20-year highs loom for the 30-year yield.
• BTC price analysis sees an emerging hidden bearish RSI divergence contributing to month-end weakness.

Bitcoin spikes as Bessent discusses bond yields

Data from TradingView showed BTC/USD trading in a narrow range, up around 1% on the day. 

BTC/USD one-hour chart. Source: Cointelegraph/TradingView

After falling into the start of the US trading session, the pair saw a swift rebound as US Treasury Secretary Scott Bessent hinted at further interventions in the US bond market. In an interview with CNBC, Bessent stressed that he had not yet acted to shore up the long end of the yield curve — 10-year and 30-year bonds.

“I haven’t bought anything yet,” he told the network, adding that he was “fine” with yields rebounding after the announcement.

This month, the Treasury announced that it would be at least doubling the size of its debt buyback transactions to $4 billion from September. At the time, yields fell, but on Monday, the 10-year yield was back at its highest levels since January 2025 at 4.76%.