Bitcoin and Treasury yields fall together in rare divergence as $80,000 recovery fails

Bitcoin is struggling to recover despite falling US Treasury yields, as technology-stock weakness and persistent ETF withdrawals weigh on demand. Between Oct. 21 and Oct. 30, the world's largest cryptocurrency declined 8.25%, falling from approximately $84,134 to $77,191, according to CryptoSlate's data. Over the same period, the Federal Reserve's data shows that yields on 10-year inflation-protected US Treasuries fell from 2.76% to 2.60%, down 16 basis points. The Nasdaq-100 also lost 4.82%, reflecting mounting pressure on technology stocks. The divergence is notable because lower real Treasury yields typically reduce the opportunity cost of holding non-yielding assets such as Bitcoin.