Bitcoin traders target $90K as apparent tariff exemptions ease US Treasury yields
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Bitcoin bulls predict a rally to $90,000 if Treasury yields continue to fall alongside the Trump administration’s adjustments to its current tariff policy.
The 2-year and 10-year US Treasury yields dipped on Monday, April 14, after Bitcoin (BTC) closed its best weekly performance since the second week of January. Bitcoin gained 6.79% over the past week, but are enough factors aligned to support continued price upside?
The 10-year treasury yield declined by 8.2 basis points to 4.40% during the New York trading session, while the 2-year treasury saw an 8 basis point slip to 3.88%. The drop in yields occurred on the back of possible tariff exemptions on smartphones, computers, and semiconductors, which were introduced to give US companies time to move production domestically. However, US President Donald Trump emphasized these exemptions were temporary in nature.
US 10-year treasury bond yields chart. Source: Cointelegraph/TradingView
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