{
  "id": 4680325,
  "title": "Bitcoin begins volatile monthly close as US bond yields eye new 20-year high",
  "url": "https://urgent.news/2026/08/31/bitcoin-begins-volatile-monthly-close-as-us-bond-yields-eye-new-20",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-31T16:38:51.000Z",
  "source": {
    "name": "Cointelegraph",
    "slug": "cointelegraph",
    "url": "https://cointelegraph.com/markets/bitcoin-begins-volatile-monthly-close-as-us-bond-yields-eye-new-20-year-high"
  },
  "original_language": "en",
  "account": "Bitcoin experienced significant fluctuations within a narrow range as US bond yields approached 20-year high points on Monday. Trading at around $78,000 at Wall Street's open, Bitcoin gained 1% on the day, according to data from TradingView. After dropping at the beginning of US trading hours, the cryptocurrency quickly rebounded, buoyed by US Treasury Secretary Scott Bessent's comments on potential interventions in the bond market.\n\nIn a CNBC interview, Bessent stated that he had not yet taken action to support the long end of the yield curve, which comprises 10-year and 30-year bonds. He expressed contentment with the recent yield rebound but emphasized his willingness to adjust if necessary. That month, the Treasury doubled the size of its debt buyback transactions to $4 billion from September. The 10-year yield rose back to its highest level since January 2025 at 4.76%, while the 30-year yield reached 5.269%, nearly six basis points shy of its peak since 2007.\n\nCommentators noted that the bond market seemed to disregard the Treasury's efforts. Analyst The Kobeissi Letter pointed out that the bond market remained disinterested in the Treasury's actions. Ray Dalio also voiced doubts about the Treasury's capacity to manage bonds, predicting an impending US debt crisis and advocating for a diversified portfolio that includes Bitcoin and gold.\n\nAs August's monthly candle close approached, Bitcoin maintained support at its 50-week exponential moving average (EMA) at $77,269. This level was deemed crucial for bulls, as it marked the highest point reached during the month-to-date, with gains nearing 25%. However, trader Rekt Capital cautioned that a hidden bearish divergence might be forming between Bitcoin's price and the relative strength index (RSI) on daily time frames, suggesting potential weakening momentum despite bullish weekly RSI signals.",
  "summary": "Bitcoin price action saw sharp moves within its local range as US Treasury Secretary Scott Bessent addressed US bond yields.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}