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US Treasury yields hit 12-month highs, pushing Bitcoin below $81K amid rising inflation and Fed rate hike bets.

Market News
15 May 2026
Crypto news
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Bearish
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On May 15, US Treasury yields surged to their highest levels in 12 months, with the 10-year yield reaching 4.54%, driven by stronger-than-expected April inflation data at 3.8%. This shift reversed earlier market expectations of rate cuts, with CME FedWatch now pricing a 44% chance of a Fed rate hike by December 2026. Bitcoin, affected by the rising yields and macroeconomic pressure, fell below its 200-day moving average of $82,228 after failing to break above it multiple times this month. The higher yields make Treasury securities more attractive compared to non-yielding assets like Bitcoin, limiting speculative inflows into crypto. If yields continue rising toward 5%, Bitcoin and similar assets may face increased headwinds.

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