Bitcoin traded at $79,083 on May 15, down more than 3 percent after failing to hold above $82,000 resistance. Rising US Treasury yields are drawing institutional capital away from the cryptocurrency and into government debt.
The 10-year Treasury yield moved above 4.5 percent for the first time since June 2025. The 30-year yield climbed toward 5.1 percent. Jim Bianco of Bianco Research noted that the long bond sat only 8 basis points from a fresh 19-year high.