Bitcoin Rejected at $90K as Investors Rotate Into Gold and Bonds
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Gold/USD (left) vs. 2-year Treasury yield. Source: TradingViewBitcoin failed once again to break above the $90,000 level, facing sharp resistance that triggered nearly $100 million in liquidations. As BTC stalled, investors showed stronger preference for traditional safe-haven assets such as gold and US government bonds.
Gold prices remained above $4,300, while yields on 2-year US Treasurys fell to their lowest levels since 2022, signaling rising risk aversion. With US fiscal deficits expected to widen and trillions in debt rollover ahead, capital is flowing toward government-backed assets, leaving Bitcoin struggling to reclaim momentum.