According to Forbes, Bitcoin has fallen nearly 10% since breaking through $81000 last month, and its price has dropped to around $76000. The market is worried about US debt, fiscal deficit and global financial market turbulence, and investors are concerned about whether US Treasury Secretary Vincent Besant will intervene in the bond market. Yardeni Research President Ed Yardeni stated that the market is concerned that bond vigilantes are driving up yields to express dissatisfaction with government deficits, debt, and interest costs. He predicted that if the yield of the US 10-year treasury bond bond reached 5%, there would be strong demand in the bond market. Besant promised to provide support for the bond market last month, but this week the yield of the US 10-year treasury bond bond rose to 4.814%, the highest since November 2023. Affected by the US Iran conflict, international oil prices have returned to around $90 per barrel, pushing up financing costs, and the market is paying attention to Besant's follow-up actions.
