Bitcoin and Treasury yields fall together in rare divergence as $80,000 recovery fails

Bitcoin is struggling to recover despite falling US Treasury yields, as technology-stock weakness and persistent ETF withdrawals weigh on demand.Between Oct. 21 and Oct. 30, the world's largest cryptocurrency declined 8.25%, falling from approximately $84,134 to $77,191, according to CryptoSlate's data.Over the same period, the Federal Reserve's data shows that yields on 10-year inflation-protected US Treasuries fell from 2.76% to 2.60%, down 16 basis points. The Nasdaq-100 also lost 4.82%, reflecting mounting pressure on technology stocks.The divergence is notable because lower real Treasury yields typically reduce the opportunity cost of holding non-yielding assets such as Bitcoin. However, selling pressure across crypto and parts of the equity market has overwhelmed that potential support.The weakness continued into November. On Nov. 2, the Nasdaq-100 declined another 1.39%, while Bitcoin's daily Coinbase price observation fell 1.34% to approximately $77,062 from the previous day.Bitcoin was trading near $76,861 early Tuesday, leaving it below the psychologically important $80,000 level.Bitfinex attributed the weakness to declining technology shares and subdued spot-market deman...