Gold Crashes 3.4% as Bond Yields Climb. Is Bitcoin at Risk?

Gold crashes 3.4% as bond yields climb. Is Bitcoin at risk?

Gold has suffered one of its most unusual one day declines in two decades as rising U.S. Treasury yields and renewed Federal Reserve rate hike expectations hit non yielding assets, while Bitcoin has faced the same macro pressure near $83,000.…

Bitcoin beats gold, surge to $100,000 in play

Bitcoin The yellow metal fell by nearly 4% on Monday as longer-duration yields hit their highest levels since 2007, lifting the dollar index. The DXY has risen by 2.7% from 98.78 to nearly 101.50 since Sept. 9. BTC, however, slipped just 1% on Monday, briefly hitting lows near $82,500 before…

Gold Drops 3.4% as Treasury Yields Hit 2007 High, Bitcoin Slips Near $83,000

TLDR Gold fell 3.4% on Sept. 28, a move the Kobeissi Letter called statistically rare since 2006. The 10-year Treasury yield reached 5.23%, its highest level since 2007. Bitcoin dropped toward $82,600 before recovering to around $83,000. U.S. spot Bitcoin ETFs drew $2.39 billion in net inflows during the week of Sept. 21 to Sept. [...]