Bankless · Friday, September 25, 2026
Despite rising bond yields, which have historically correlated with Bitcoin's downturn, Bitcoin has experienced a significant price surge, reaching an eight-month high. Experts suggest that crypto market cycles, driven by herd mentality and investor allocation, may be decoupling from traditional macro indicators. Analysis indicates a low correlation between Bitcoin and 10-year Treasury yields, suggesting that investor sentiment and on-chain dynamics are currently stronger drivers of price action.
“The data proves that Bitcoin doesn't care about rising bond yields over the long term.”
“And so, you know, if yields go up, Bitcoin goes down with a 0.18 correlation, which is very low. That's just not, that's insignificant.”
“What he got wrong in his words, he said, I assume the interest rate hike, he's talking about the Fed hike that just happened with Warsh last week, would immediately bring Bitcoin down and it didn't.”