iCapital Sets 10-Year Treasury Yield Range at 4.5%-5.3%: Bitcoin (BTC) Macro Test

iCapital raised its 10-year Treasury yield forecast to 4.5%-5.3% after the Fed's first rate hike since 2023. Higher yields typically pressure risk assets like Bitcoin (BTC), as they increase the opportunity cost of holding non-yielding assets. This macro shift could dampen crypto risk appetite, potentially leading to reduced investment in digital assets.