Bitcoin Faces Volatile Month-End as U.S. Bond Yields Surge

Bitcoin entered the final trading hours of August with sharp price swings as U.S. Treasury yields moved back toward multi-year highs.

The U.S. 10-year Treasury yield climbed to around 4.76%, while the 30-year yield reached 5.269%, just below its highest level since January 2007.

Higher yields are creating fresh pressure on risk assets, while Bitcoin’s momentum is also showing signs of weakening. BTC was trading around $78,000, with analysts pointing to a potential bearish divergence in the daily RSI.

The key technical level to watch is the 50-week EMA near $77,269. A sustained break below it could increase downside risks, while holding above the level would keep the broader bullish structure intact.

The impact could extend beyond crypto. Rising Treasury yields may put pressure on Bitcoin, Nasdaq and other growth assets, while a stronger dollar could weigh further on gold and EUR/USD.

With September approaching and U.S. rate expectations still highly sensitive to economic data, bond yields could remain one of the most important drivers for Bitcoin and global risk assets.