Live news: Risk assets under pressure as bond selloff and oil rally intensify
Rising Treasury yields, surging energy prices and a stronger dollar weigh on bitcoin and tech, while silver falls below $59 an ounce.
As stablecoins move into regulated finance, APAC is becoming a key proving ground. This report maps the region’s rules, use cases, and RLUSD’s role.
Disclosure & Polices: CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. CoinDesk has adopted a set of principles aimed at ensuring the integrity, editorial independence and freedom from bias of its publications. CoinDesk is part of Bullish (NYSE:BLSH), an institutionally focused global digital asset platform that provides market infrastructure and information services. Bullish owns and invests in digital asset businesses and digital assets and CoinDesk employees, including journalists, may receive Bullish equity-based compensation.
Asanat Analysis — Why it matters
Bitcoin and tech assets are experiencing pressure from macro headwinds that extend beyond crypto—rising Treasury yields signal tightening financial conditions, a stronger dollar reduces appeal of non-fiat denominated assets, and oil's rally indicates energy market stress. These are classic risk-off signals where investors rotate from speculative to defensive positioning. The concurrent decline in silver below $59 suggests broad commodity weakness despite oil strength, pointing to differentiated demand destruction rather than inflation repricing.
For crypto, this setup reflects Bitcoin's persistent correlation with risk assets and tech equities, challenging the narrative of BTC as a macro hedge or uncorrelated store of value. When real yields rise (nominal yields up + inflation expectations potentially falling), the opportunity cost of holding non-yielding assets increases sharply. This dynamic has historically precede crypto drawdowns lasting weeks to months. The dollar strength component is particularly acute for emerging-market focused crypto use cases and cross-border DeFi volume.