Bitcoin continued to trade around $64,000 on Tuesday, showing resilience despite rising Treasury yields and surging oil prices that have weakened broader appetite for risk.
The U.S. 30-year Treasury yield reached its highest level since 2007, while Brent crude surpassed $91 as geopolitical tensions surrounding Iran intensified. Despite the unfavorable macro backdrop, Bitcoin remained within its recent trading range.
Galaxy Digital research chief Alex Thorn noted that Bitcoin’s 30-day realized volatility has fallen close to historic lows. He compared the market structure to a tightly compressed spring, suggesting that an eventual sharp move could follow.
Metaplanet Sets Up U.S. Bitcoin Treasury Vehicle
Japanese bitcoin treasury firm Metaplanet is moving into the U.S. market through a major investment in Nasdaq-listed Super League.
Under the deal, Metaplanet will contribute 2,100 BTC, valued at about $132 million, along with $2.5 million in cash. In exchange, it will receive common shares, preferred shares and warrants, bringing the initial investment to approximately $134.6 million.
Super League stock surged about 120% in premarket trading after the announcement. The company had a market capitalization of only around $4.5 million before the move.
Super League is expected to rebrand as Superplanet and serve as Metaplanet’s U.S. bitcoin treasury platform while keeping its existing gaming media operations. Metaplanet is expected to control about 95.7% of its outstanding shares.
The transaction is targeted for completion in the fourth quarter, subject to shareholder approval, regulatory requirements and other closing conditions.
According to CEO Simon Gerovich, the transaction will give Metaplanet a Nasdaq-listed U.S. platform for raising funds and expanding its bitcoin treasury strategy across the U.S. and Japan.
U.S. Housing Starts Drop 12.4%
U.S. housing construction weakened sharply in July, with housing starts falling to a seasonally adjusted annual rate of 1.239 million.
The figure was 12.4% below June’s 1.415 million pace and missed economists’ forecast of 1.35 million.
Building permits provided a stronger signal, increasing 5% to 1.443 million and beating the 1.37 million estimate. However, housing-start figures can fluctuate considerably because of seasonal factors, meaning more data is needed to establish whether higher interest rates are materially hurting the housing sector.
The 10-year Treasury yield rose 1.4 basis points to 4.738% during Tuesday’s session.
Brent Oil Breaks Above $91
Brent crude climbed past $91 a barrel as geopolitical tensions around the Strait of Hormuz increased.
President Donald Trump posted a map on Truth Social suggesting that the strategic waterway could potentially become U.S. territory, following his earlier comments about the region.
Crypto Fear Eases but Remains Elevated
The Crypto Fear & Greed Index climbed to 41, its highest level since mid-May, but the reading remains within the fear category.
The index measures sentiment on a scale of 0 to 100, with readings below 50 indicating fear. Although the latest increase points to improving market confidence, it is not yet enough to confirm a broader sentiment reversal.
A sustained move above 50 would offer stronger evidence of a shift toward optimism. Until then, traders remain exposed to the risk of a short-lived recovery.
Bitcoin Tests Its 200-Week Moving Average
Bitcoin’s 200-week moving average has risen above $64,000 to approximately $64,217.
The indicator measures Bitcoin’s average weekly closing price over 200 weeks and is widely regarded as an important long-term market benchmark. BTC is currently trading close to that level, putting the cryptocurrency back at a historically significant technical threshold.
Bond Rout Hits Global Technology Stocks
The sell-off in long-duration government bonds continued to pressure technology stocks.
The Invesco QQQ ETF fell more than 1% in premarket trading as the U.S. 30-year Treasury yield jumped 20 basis points to 5.32%.
The move was not limited to the U.S. The U.K.’s 30-year gilt yield climbed 23 basis points to 5.834% following weaker labor-market data, while Japan’s 30-year government bond yield reached 4.126%, nearing its May peak.
Bitcoin and precious metals also slipped over the previous 24 hours, although BTC continued to hold around $64,000.
Weekend Crypto Trading Exceeds $2 Billion on CME
More than $2 billion in cryptocurrency trading volume has been recorded on weekends since CME launched 24-hour crypto trading on May 29.
CME said the service is being used by both retail and institutional investors to manage crypto exposure outside traditional market hours.
Velo data shows Bitcoin has posted an aggregate return of -0.5% on weekdays over the past three months. By comparison, weekend performance has been positive, with Saturday and Sunday together producing a 0.51% gain.
Bitcoin Shows Relative Strength Despite Macro Headwinds
Bitcoin was trading near $64,100 on Tuesday, gaining roughly 1% and holding above $64,000 even as traditional markets came under pressure.
Ether hovered around $1,893, while most major cryptocurrencies were little changed. Hyperliquid was among the stronger performers, rising approximately 8.3% over the week.
The main challenges for risk assets remain elevated oil prices and higher borrowing costs. The U.S. 30-year Treasury yield reached 5.33%, its highest level since 2007, as investors demanded greater compensation for inflation risks and government borrowing.
Meanwhile, S&P 500 futures dropped 0.5%, while Brent crude moved above $91 amid escalating tensions involving the U.S. and Iran.
Higher energy prices could fuel inflation, potentially keeping monetary policy restrictive for longer. Rising yields can further tighten financial conditions and reduce the amount of capital flowing into risk assets such as Bitcoin.
Still, BTC has managed to outperform that backdrop so far. Bitcoin remains higher on both the day and week despite falling equities and surging long-term yields.
A break above $64,500 would strengthen the case that fresh demand is absorbing the macroeconomic pressure. But another jump in oil toward $100 or a continued surge in Treasury yields could put Bitcoin’s resilience under renewed pressure.
