Bitcoin (CRYPTO: $BTC) is on track for a losing week as rising Treasury yields continue to pressure risk assets such as stocks and crypto. In late trading on Oct. 9, Bitcoin’s price was at $82,250 U.S., down nearly 5% over the past week. Digital assets have been under pressure as yields on U.S. government bonds steadily rise.

The yield on the benchmark 10-year U.S. Treasury has risen by 5.25% from 4.79% since Sept. 1. That’s a big move in Treasury yields in a little over a month. At 5.25%, the yield on the 10-year Treasury is now at its highest level since April 2002. Higher yields offered by bonds attract investors, leading them to rotate capital out of riskier assets such as crypto.

So far in October,…