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Bitcoin and stocks face pressure as US 10-year bond yields peak and may decline soon.

Technical Signals
23 Oct 2026
Crypto Daily
View Source
Neutral
Bitcoin and stocks face pressure as US 10-year bond yields peak and may decline soon.

Stock markets and assets like Bitcoin have fallen amid rising US 10-year bond yields, which recently peaked around 5.36% and now show signs of declining toward 4.7%. Bitcoin's price remains near the bottom of its trading channel, with mixed signals suggesting possible short-term gains but risks of further drops if it falls below key moving averages. The weekly outlook is cautious, with bearish indicators pointing to a potential correction toward $70,000. Despite current market pessimism, a relief rally in stocks could emerge near strong support levels.

As traders weigh the impact of fluctuating US bond yields on Bitcoin, the cryptocurrency holds steady near its recent lows. On Pluang, Bitcoin trades at Rp1.476.850.414 with a slight 0.14% gain as of Oct 23, 2026 19:31 WIB. Despite cautious market sentiment, Pluang data shows a substantial market cap of Rp29.713,88 trillion and a 24-hour trading volume of Rp455,82 trillion, indicating ongoing active interest even as 70% of orders lean toward selling.

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