Bitcoin and Ethereum pull back as US Treasury yields climb

Leading cryptocurrencies ended Friday's trading session lower, with Bitcoin and Ethereum retreating under pressure from rising US government bond yields. Higher Treasury yields make risk-free instruments more attractive as expectations of a potential Fed rate hike intensify. Markets continue to reprice the risk of monetary policy tightening in an environment of expensive oil and persistent inflation. Technically, Bitcoin is testing key support levels, and a break below them could open the door to a deeper correction. For Kazakhstani investors, this serves as a reminder of the high correlation between crypto markets and shifts in global interest rate policy.