PrimeXBT Insights: Bitcoin rallied through a rate hike; Can it rally through a bond selloff?

By Jonatan Randin, Senior Market Analyst at PrimeXBT In mid September the setup looked bad for Bitcoin. The CLARITY Act failed in the Senate on 15 September and the Fed hiked to 3.75 to 4.00% the next day. Bitcoin (BTC) briefly traded under $75,000. A week later it was above $87,000. Then the bond market moved, and Bitcoin stopped going up. What happened in bonds On 23 September the 10 year US Treasury yield jumped more than 18 basis points, the biggest one day rise since April 2025. It kept goi