Bitcoin demand falters as 'real' interest rates surge

Rising U.S. real yields, especially on 10-year TIPS, pose a headwind to zero-yielding risk assets like bitcoin. What to know : Bitcoin demand relative to supply has plunged to 1.3 from over 5. Rising U.S. real yields, especially on 10-year TIPS, pose a headwind to zero-yielding risk assets like bitcoin. Markets expect these tighter financial conditions to persist.