Tech Futures Drop on Rising Treasury Yields While Bitcoin Holds Near $64K
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Yields on long-term US Treasury bonds are rising to their highest level in decades. This could pose a problem for Bitcoin. Source: BTC-ECHO
Bitcoin Holds Near $64K As Oil And Treasury Yields Rise: What It Means For Crypto
BitcoinWorld Bitcoin Holds Near $64K as Oil and Treasury Yields Rise: What It Means for Crypto Bitcoin is holding above the $64,000 support level as of early trading on [current date], even as rising oil prices and Treasury yields put pressure on risk assets globally. Market Context: Oil and Treasury Yields Climb Oil prices have climbed to multi-month highs amid supply concerns, while the 10-year Treasury yield has moved higher following strong…
Tech Futures Drop on Rising Treasury Yields While Bitcoin Holds Near $64K
US stock futures moved lower ahead of today’s open, with the Nasdaq 100 dropping by 1.2%, the S&P 500 by 0.5%, and the Dow by 0.1%. This selloff came as the 10-year Treasury yield climbed to 4.74% and the 30-year yield reached 5.2% – its highest level since June 2007. Higher Yields Hit Tech Stocks The sharp move in bonds had the greatest impact on growth and tech stocks. Nvidia dropped by about 2% in premarket trading, while Micron Technology fe…
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