On April 11, the U.S. 10-year Treasury yield surged to 4.5606%, for a one-day gain of 13.57 basis points and a change of +3.07% intraday, said Arthur Hayes.
The yield has jumped more than 26 (6.24%) basis points since April 8 as investor anxiety over inflation, federal spending, and hawkish fiscal policy builds.
This quick transition sparked a fierce response from ex-BitMEX CEO Arthur Hayes, who hopped on X and announced, "It's on like donkey kong. If this keeps up, we will be getting more policy responses this weekend. We are about to enter UP ONLY mode for Bitcoin."
Bond yields tend to rise when investors anticipate higher interest rates or heavier government borrowing—two themes closely linked to President Trump's tariff-laden agenda and burgeoning deficit concerns.
With markets on the lookout for emergency interventions from the Federal Reserve or Treasury, the yield surge is raising concerns about reduced liquidity.
Interestingly, according to recent CPI data , March 2025 saw an increase of 2.4% year-over-year to a level of 319.799. The rise is more troubling than the markets seem to believe, indicating inflation is not going away and thus complicating the Fed's options if it needs to empower new monetary tightness or trigger a response if markets start to wobble.
Against this backdrop, Bitcoin jumped today to $83,000 , up by over 5% in the last day, strengthening the notion that digital assets are maturing into an economic haven.
As per MACD charts, Bitcoin is poised for more growth, given the bullish crossover. The histograms are turning green, indicating that the asset's price can increase further. Analyst Ali Martinez believes that $91,500 could be the limit for Bitcoin, this bull run.
