Crypto Markets Rally as US Treasury Yields Retreat from Multi-Decade Highs

Key Facts

1Major cryptocurrencies including Bitcoin and Ethereum rose alongside stocks following a retreat in US Treasury yields.

2US Treasury yields touched a 24-year high before retreating during Thursday's trading session.

Major cryptocurrencies including Bitcoin and Ethereum rose alongside stocks following a retreat in US Treasury yields. Reuters reported that yields touched a 24-year high before pulling back during trading on Thursday, October 1, 2026.

The retreat from multi-decade highs provided relief to risk assets, allowing Bitcoin to break upward after facing pressure from geopolitical tensions. This recovery extended to other digital assets such as XRP and Dogecoin as market sentiment improved following the stabilization of the bond market.