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Rising U.S. Treasury yields block Bitcoin's breakout above $82,000 despite positive crypto news.

Market News
16 May 2026
24/7 Wall Street
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Bearish
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Bitcoin's recent attempts to break above $82,000 have been hindered by rising U.S. Treasury yields, with the 2-year yield hitting 4.09% and the 10-year surpassing 4.5%. Higher yields make low-risk government bonds more attractive, reducing appetite for volatile assets like Bitcoin. Despite positive regulatory developments such as the progress of the Digital Asset Market Clarity Act, Bitcoin struggles to close above its 200-day moving average, a key technical resistance. The bond market's influence on liquidity and risk appetite is currently overshadowing crypto-specific optimism, suggesting Bitcoin may trade sideways until inflation and Federal Reserve policies become clearer.

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