Golden Finance reported that analyst James Van Straten said that the cryptocurrency market has been in a bull market since the end of 2024, but the trend of rising global government bond yields seems to have become impossible to ignore. The yield on the 10-year U.S. Treasury note, considered a standard benchmark around the world, had risen to 4.70% as of Wednesday, near multi-year highs and has risen more than 100% since the Federal Reserve first cut the federal funds rate in September. basis points. The 30-year UK government bond yield rose to 5.35% on Wednesday, its highest level since 1998. The yield has risen 105 basis points since the Fed's first rate cut in September.