Bitcoin price steadies, ONDO rallies as US Treasury yields hit 2007 highs
Reported by Cointelegraph · AI-assisted summary by ChikoCorp AI News Desk
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Summary
Bitcoin (BTC) experienced volatility on Thursday, dipping below $83,000 before stabilizing near $84,500 amid US 10-year Treasury yields reaching their highest levels since 2007. Ondo Finance’s token (ONDO) was a top-performing altcoin, reclaiming the $0.50 level for the first time since December 2025, coinciding with the launch of BlackRock-backed Ondo Intelligent Portfolios on Ethereum and BNB Chain. The US 10-year Treasury yield climbed to 5.18%, and the 30-year yield hit 5.46%.
Why it matters
Higher Treasury yields make government bonds more attractive and can pressure non-yielding assets like Bitcoin. ONDO’s token rally is linked to the launch of a new product backed by BlackRock that offers tokenized, diversified portfolios, marking notable innovation within real-world asset tokens. The article does not elaborate further on broader market or policy impacts.
Key context
The Treasury’s bond buyback program aims to improve liquidity in long-term debt markets, contributing to the rise in yields. The Japanese yen’s depreciation threatens increased FX intervention, which could lead Japan to sell US securities, potentially adding pressure on US Treasuries. ONDO’s portfolios allow non-US investors to access diversified tokenized shares developed with BlackRock.
Key numbers and entities
Bitcoin (BTC), Ondo Finance (ONDO), BlackRock, US Treasury, US 10-year Treasury yield at 5.18%, 30-year Treasury yield at 5.46%, Japanese Yen weakening to 159 per US dollar, CLARITY Act vote failure mentioned. The new Ondo portfolios include BLKHIon, BLKDIGon, and BLKGRWon tokens.
What remains unclear
The article does not specify why ONDO's price peaked at exactly $0.50 or the detailed mechanisms of the BlackRock collaboration. It also does not clarify the long-term implications for Bitcoin or the Treasury market from these developments or detail user adoption figures for Ondo Intelligent Portfolios.