US stock market reels lower as Treasury yields soar

The post Euro falls as hawkish Fed expectations boost the US Dollar, Treasury yields appeared on BitcoinEthereumNews.com. The Euro (EUR) extends losses against the US Dollar (USD) on Friday, with EUR/USD slipping to near one-month lows as hawkish Federal Reserve (Fed) expectations boost the Greenback and US Treasury yields. At the time of writing, the pair is trading around 1.1626 and is poised to close the week in negative territory. Higher energy prices linked to supply disruptions in the Middle East continue to deteriorate the inflation outlook across major economies. In the United States, inflation accelerated sharply for a second consecutive month in April, while consumer spending remained resilient. The latest batch of US economic data strengthened expectations that the Fed could keep borrowing costs unchanged in the coming months as policymakers assess the broader impact of rising energy prices on inflation. However, traders are growing more confident that the Fed could raise in

Analysts point to profit-taking, not panic, with ETF outflows at their worst pace since February as 10-year Treasury yield soars.

The post US Dollar: Supported by higher yields and data – Deutsche Bank appeared on BitcoinEthereumNews.com. Deutsche Bank analysts highlight that the Dollar Index (DXY) strengthened as United States (US) yields moved higher and data remained resilient. Retail sales matched expectations, and the Atlanta Fed’s GDPNow estimate for Q2 was revised up, underscoring solid economic momentum. Short-end Treasury yields broke above 4%, while the 10-year yield reached a 10‑month high, underpinning the Dollar’s performance. Firm US data and yields back Dollar “And in turn, 2yr Treasury yields (+3.9bps) rose above 4% for the first time since June 2025.” “The moves were more muted further out the curve however, with the 10yr Treasury yield (+1.3bps) inching up to a 10-month high of 4.48%.” “Elsewhere, markets got further support from a robust batch of US data. In particular, retail sales showed signs of resilience, with the headline measure up +0.5% in April as expected.” “And in turn, the Atlanta F

The post Gold: Higher yields weigh on price – Commerzbank appeared on BitcoinEthereumNews.com. Commerzbank’s Carsten Fritsch notes that the Gold price has retreated sharply as markets price in renewed US rate hikes after strong producer price data. Rising US Treasury yields are increasing the opportunity cost of holding Gold, while India’s steep import tax hike is set to curb physical demand. The new Fed Chair may struggle to justify rate cuts. Rate expectations and Indian tax shock “The price of gold has fallen by up to 2% today to USD 4,560 per troy ounce. Before the price drop began yesterday, it was still trading at around USD 4,700. Headwinds are coming from interest rate expectations.” “Following the significantly higher-than-expected US producer price data for April, the market now anticipates interest rate hikes by the US Federal Reserve. A 15-basis-point rise in US key interest rates is priced in by the end of the year, and a full 25-basis-point rate hike by March 2027. As a r

The post Bitcoin (BTC) Surges Past $82K as Senate Clarity Act Vote Boosts Crypto Sentiment appeared on BitcoinEthereumNews.com. Quick Overview Bitcoin surged to $82,000 following Senate Banking Committee approval of the Clarity Act with a 15-9 vote BTC subsequently retreated to $81,500 but maintained a 2.5% daily gain Major stock indices including S&P 500 and Nasdaq 100 reached fresh record highs as market risk appetite increased Coinbase jumped 8% and Strategy gained 7% as cryptocurrency-related equities rallied on positive regulatory developments Technical analysts identify $79,400 as critical support level for continued upward momentum toward $84,000–$85,000 Bitcoin experienced a significant rally to $82,000 on Thursday following the Senate Banking Committee’s decision to advance the Clarity Act, a comprehensive digital asset regulatory framework that has been highly anticipated by the cryptocurrency industry. The measure secured bipartisan support with a 15-9 vote, including backin

The post US stock market loses over $250B at open as liquidity squeeze rattles risk assets appeared on BitcoinEthereumNews.com. The US stock market shed more than $250 billion in value at the open, adding to a brutal stretch for risk assets that has spilled across equities, crypto, and derivatives markets in rapid succession. What happened across markets The equity sell-off at the open mirrored a severe downturn already underway in digital assets. Total crypto market capitalization dropped from roughly $3 trillion to approximately $2.66 trillion, a decline of around $250 billion in its own right. Bitcoin fell from around $84,000 to approximately $76,000. Ether fared worse, dropping to about $2,243, which puts it more than 50% below its all-time high. Open interest in digital-asset derivatives fell to $24.2 billion, the lowest level in nine months. That’s a textbook deleveraging event: traders closing positions, reducing exposure, and pulling capital off the table all at once. The dolla

The post Coinbase stock surges 8% as CLARITY Act advances appeared on BitcoinEthereumNews.com. Coinbase stock surged 8% after the Senate Banking Committee advanced the CLARITY Act in a 15 to 9 bipartisan vote. Summary Bitcoin hit $82,000 following the committee vote before retreating to $81,500, up 2.5% on the day. Strategy climbed 7% and Bitmine advanced 5.6%, with broader crypto equity gains extending to Nasdaq and S&P 500 record highs. The bill still requires a full Senate vote with a 60-vote threshold and reconciliation with a House-passed version before it can reach the White House. The Senate Banking Committee passed the Digital Asset Market Clarity Act on May 14 by 15 votes to 9, with support from two Democratic senators providing the bipartisan margin that moves the bill toward the full Senate. Coinbase CEO Brian Armstrong had backed the current version of the bill ahead of the vote, calling it “closer than ever” to becoming law and describing the stablecoin yield compromise as

Bitcoin's resilience amid inflation-driven market turmoil highlights its potential as a hedge, attracting institutional interest and ETF flows. The post Bitcoin holds above $80,000 as stocks sink and Treasury yields climb on hot inflation data appeared first on Crypto Briefing.