BITCOIN BREAKS $70K ON YIELD DROP, TRUMP CRYPTO PUSH

US Treasury Secretary Scott Bessent's push to lower bond yields provided tailwind for the cryptocurrency's climb. Trump's direct engagement with the crypto sector signaled potential regulatory shifts under his administration, boosting investor sentiment. The rally reflects broader market dynamics. Lower yields typically make non-yielding assets like Bitcoin more attractive to investors seeking returns. Oil also gained momentum, climbing to near one-month highs following Trump's threat to escalate economic pressure on Iran. Bitcoin's movement above the $70,000 mark marks a significant recovery from recent lows. The surge underscores how macroeconomic policy and political developments shape crypto markets. Observers note the cryptocurrency remains sensitive to US monetary policy signals and executive actions. Oil's concurrent strength highlights how multiple asset classes are responding to the same geopolitical and fiscal stimuli, with energy markets pricing in potential economic disruptions.