As global bond yields rise, the usual narrative frames it as bearish for bitcoin BTC$83,405.92. Yet over most of BTC’s history, the asset has shown little to no consistent correlation with bonds. Yields snapped back into focus Wednesday. The U.S. 10-year jumped 15 basis points to its highest level since 2007, topping 5.13%, and pulled yields higher across the globe, as the feature image shows.