Cryptocurrency prices, including Bitcoin, Ethereum, Ripple, and Solana, dropped significantly due to concerns about the bond market. This decline mirrored a risk-off sentiment across other financial markets, with technology stocks and indices like the Nasdaq 100 and S&P 500 also falling. The sell-off was driven by rising U.S. bond yields, signaling expectations of a more hawkish stance from the Federal Reserve. Additionally, a labor report showing increased job vacancies raised the possibility of a stronger jobs report, which could further support the Fed's hawkish approach. Some analysts believe that the rising bond yields could lead to a crash in cryptocurrencies and a rotation to traditional money market funds.



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