Despite headwinds such as soaring international oil prices and rising US Treasury yields, Bitcoin's price is showing a resilient trend, CoinDesk diagnosed. The media outlet stated, "Due to fiscal concerns in the U.S., the U.S. 10-year Treasury yield has risen to its highest level since 2023. West Texas Intermediate (WTI) crude oil futures prices also surpassed $90 per barrel. In particular, rising oil prices increase inflationary pressure, reducing the Federal Reserve's (Fed) room for interest rate cuts. Both factors are acting as unsettling elements in the stock market, and gold prices have also plummeted. In contrast, Bitcoin is holding its ground with a limited decline. However, if the Dollar Index (DXY, the value of the dollar against six major currencies) rebounds, it could put pressure on Bitcoin's price," it analyzed.
