US Treasury yields approach 4.8% test as fiscal risks threaten spill into equities and other assets, CNBC reports September 2026.

According to @Andre_Dragosch, Bitcoin is rallying on increasing sovereign bond risks that are spilling over into equities, identifying a macro-driven catalyst for BTC price action (source: @Andre_Dragosch on X, Sep 2, 2025). He adds that this challenges the claim that BTC is merely a leveraged NASDAQ, implying a shifting correlation regime that traders should factor into risk allocation (source: @Andre_Dragosch on X, Sep 2, 2025). This frames sovereign bond stress as a near-term driver of BTC volatility and relative strength versus equities for tactical positioning (source: @Andre_Dragosch on X, Sep 2, 2025).