Bond Volatility Rises as Bitcoin Volatility Stays Low

Bitcoin volatility stays muted as Treasury turbulence lifts the MOVE index See why bond-market stress may still reshape crypto pricing and trader outlook

U.S. Treasury volatility has climbed to its highest level since March, with the MOVE index rising to about 104 after starting the week near 80. The move reflects growing uncertainty in bond markets as investors weigh inflation, energy prices, and the path of interest rates. By contrast, Bitcoin traders are still pricing relatively muted swings. Volmex’s 30day Bitcoin implied volatility index is hovering around 37, close to its 2026 low, while the Cboe VIX is also near yearly lows at about 14. The article says this creates an unusual split between markets that are typically seen as very different in risk. Bitcoin’s rally slowed as Treasury yields briefly reached about 5.2%, but options traders are not yet forecasting extreme price moves in crypto. The report notes that rising bondmarket stress could still affect digital assets later, even if that has not happened yet.