Bitcoin · U.S. Treasury · Bitcoin ETF · CryptoSlate
Bitcoin price has risen 84% since January 2024 while Treasury yields climbed
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Bitcoin traded below $84,000 on Oct. 7 as US Treasury yields near 5.3% offered investors a competing interest-bearing alternative.
Key facts
- Bitcoin traded below $84,000 on Oct. 7 as US Treasury yields near 5.3% offered investors a competing interest-bearing alternative
- Bitcoin's market price was about $83,086 at 14:25 UTC on Oct. 7
- Bitcoin nevertheless gained 84.2% from January 10, 2024, the day before US spot Bitcoin ETF trading began, through Oct. 5, 2026
- The US ten-year nominal par yield was 5.27% on Oct. 6, down from 5.31% a day earlier
Summary
01 Bitcoin traded below $84,000 on October 7, while ten-year Treasury yields near 5.3% offered an interest-bearing alternative. 02 Bitcoin gained 84.2% from the January 2024 pre-ETF baseline through October 5, 2026, while nominal and real yields rose. 03 Weak daily correlations and different monthly results limit any simple bearish price signal from higher Treasury yields. The historical relationship is less straightforward.