Bitcoin may be more sensitive to U.S. Treasury market movements than Federal Reserve rate policy, according to CoinShares. With 10-year Treasury yields above 5.3% and 30-year yields above 5.7%, BTC could attract investors seeking alternatives to fiat currencies if rising yields reflect fiscal concerns rather than growth expectations. Digital-asset investment products saw $11.1 billion in net inflows since mid-July, though inflows have recently slowed.