The correlation between Bitcoin and US Treasury yields reaches a historic high

The analysis of Fidelity digital assets pointed out that the yield of the 10-year treasury bond bond of the United States rose to the highest level since the birth of Bitcoin, and the size of the United States federal debt exceeded 40 trillion dollars. The correlation between Bitcoin and the 10-year real interest rate in the United States will rise above 0.6 in 2026, reaching a historic high. In the past two months, Bitcoin has risen by nearly 30%, and the yield of the US 10-year treasury bond bond has risen by more than 10% over the same period. According to data from the US Treasury Department, the federal budget deficit for fiscal year 2026 has risen to $1.99 trillion, higher than the $1.78 trillion deficit for fiscal year 2025. Fidelity believes that the fixed supply limit of 21 million coins in Bitcoin enhances its attractiveness as an asset against currency depreciation.