Global market volatility intensifies, with US bond yields rising to 4.6%

The volatility of the global market intensified under high interest rates, energy risks and geopolitical pressures. The yield of the US 10-year treasury bond bond rose to 4.6%, and the market bet that interest rates might rise again. The US PPI increased by 6% annually, CPI rose to 3.8%, and gasoline prices hit a historic high in May, raising doubts in the market about the credibility of the Federal Reserve's policies. The situation in the Middle East and the risks in the energy market remain unresolved, and defensive assets such as gold and energy stocks are favored by funds. BTC is seen as a thermometer of global liquidity and market confidence, and if US bond yields continue to rise, cryptocurrency market volatility may expand.