Comments on financial conditions: The 10-year Treasury yield has pulled back to 5%, a 36 basis-point drop since Oct. 7. The 30-year yield has declined by 40 bps. This has eased financial conditions, which track credit availability in the economy, with a knock-on effect on risk-taking… Read More
Bitcoin BTC$84,459.46 steadied near $80,400 after dipping to around $79,300 during the Asian morning, leaving it little changed since midnight UTC. Altcoins were mixed, with ether ETH$2,490.55 dropping 0.2% and the DeFi index (DFX) the only CoinDesk index to gain. The tone was set at… Read More
Bitcoin fell nearly 2% to about $79,800 as of Monday Asian morning hours as traders cut risk ahead of this week’s Federal Reserve meeting and another leg down in the AI trade weighed on tech stocks across the region. Selling hit almost every major token.… Read More
Bitcoin rose 1% to just above $86,000 early Monday after a weak U.S. jobs report pushed traders to drop bets on an October Federal Reserve rate hike. DOGE led the majors with a gain of more than 3%, and HYPE rose nearly 3% to about… Read More
Traders could look past an expected Fed hike and weigh what higher rates are signaling about the economy.
BTC fell on Friday and Treasury yields rose, but the hawkish market reaction looks overdone when compared to the largely steady Fed rate hike odds.
