Bitcoin Holds $64,000 as 30-Year Treasury Yield Hits 19-Year High

Bitcoin traded near $64,000 on Tuesday, holding most of its gains from the previous session even as a surge in long-term U.S. Treasury yields and oil prices weighed on risk appetite across global markets.

The largest cryptocurrency was changing hands around $64,100, according to CoinMarketCap data, after rallying from roughly $62,600 on Monday. Ether slipped about 1% to trade near $1,895, while major altcoins showed a mixed picture. Solana gained 1.67% to $77.07, while Binance Coin fell 0.26% to $603.19 and Hyperliquid dropped 1.45% to $58.44.

The resilience in bitcoin came as the 30-year U.S. Treasury yield climbed to 5.33% intraday, the highest level since 2007. The benchmark 10-year yield hovered around 4.71%, near its highest since January 2005. The rise in yields reflected renewed inflation concerns after the expiration of a 60-day U.S.-Iran ceasefire without a deal, which pushed Brent crude back toward $94 a barrel.

"The increase in yields reflects unease ahead of the Federal Reserve minutes release due Wednesday," market participants noted, pointing to the upcoming publication of the July 28-29 FOMC meeting minutes following two consecutive softer inflation prints.

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