Rising US Treasury yields reached 5.18 percent on May 20, pressuring Bitcoin prices below $80,000. Spot Bitcoin ETFs recorded net outflows of about 14,000 BTC in the latest week.
The 30-year Treasury yield hit 5.18 percent on May 20 after a May 13 auction awarded new bonds at 5.046 percent. Higher energy prices and inflation concerns drove the move, with WTI crude above $106 a barrel. Bitcoin retreated as institutional investors weighed the guaranteed 5 percent return against holding a volatile asset.
