US 10-year yield just broke above 4.77%, bitcoin:native is likely to come under pressure, while Gold may climb instead. 🟠 For bitcoin:native: Rising yields mean tighter liquidity and higher discount rates, and risk assets feel it first. 🟡 For Gold: If yields are rising because Middle East tensions and #oil prices are pushing inflation expectations higher, XAU tends to climb alongside yields. However, 2023 was an exception. When the 10Y broke 5%, BTC rallied instead, because when markets question US debt sustainability itself, BTC trades as digital gold. Watch the Fed's next move. If rate hike expectations dominate, BTC stays under pressure. #Bitcoin #Gold #XAUUSD #Treasury(BloFin Research)