Bitcoin falls 2.3% as Treasury yields rise
Bitcoin traded near $83,559, down 2.3% on the day, as markets reacted to rising Treasury yields and a hawkish shift in the Fed backdrop.
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Oil futures slip below $90 as energy stocks fall
U.S. crude futures closed below $90/barrel as energy shares declined alongside oil.
Middle East crude benchmarks slip for third session
Oman and Dubai fell for a third straight session as premiums slipped under $10 a barrel. Indian Oil Corp bought 3 million barrels of Middle Eastern and west African crude for November delivery, while Shell said third-quarter refining margins could jump to a record $42 a barrel.
Bitcoin slips to about $85,600
Bitcoin edged lower to about $85,600 per token as U.S. stocks closed higher and Treasury yields fell. The move is a market update without a specific catalyst in the article.
US PCE, GDP, ADP reports: inflation cools, consumer spending strong
August PCE inflation rose 0.3% month-on-month and 3.4% year-on-year, below expectations. Core PCE rose 0.2% monthly and 3.3% annually, also cooler than predicted. Second-quarter GDP was revised up to a 2.2% annualized rate, while September private sector jobs added by ADP surged to 90,000, exceeding forecasts.
Oil's rally loses steam as crude falls more than 2%
NYMEX crude futures were last trading just over $90 a barrel, down more than 2% on the day, after earlier hitting a September 15 high of $106.75. The energy sector has also slipped more than 5% since its September 15 record close.
Bitcoin Tops $80,000 as oil slides on Hormuz developments
Bitcoin briefly tops $80,000 while crude oil falls after President Donald Trump says the U.S. Navy removed “all mines” from the Strait of Hormuz.