Bitcoin Holds Above $70,000 as Global Stocks Rebound While Rising U.S. Treasury Yields Flag Macro Risk

Bitcoin traded around $70,500 on Friday after a roughly 6% weekly rebound, while global equity benchmarks including the S&P 500 recovered from an early-week selloff tied to Middle East tensions, Cryptonews reported. BTC briefly spiked to $73,470 after sliding toward $63,000 over the weekend, and S&P 500 futures bounced from a multiweek low of 6,718 back above 6,840 as the U.S. pledged naval escorts to safeguard energy routes. In the bond market, the 10-year U.S. Treasury yield jumped from 3.93% to 4.15% in four days and the two-year reached near 3.60%, with CME Fed funds futures showing investors now assign less than a 50% chance of two Fed rate cuts this year, down from nearly 80% before the conflict. Traders are watching $74,000 as near-term resistance for Bitcoin, $65,000–$63,000 as key downside levels, and 4.20% on the 10-year yield as a potential trigger for renewed selling in both BTC and U.S. equities.