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Bitcoin and other major cryptocurrencies fell in risk-off trade as volumes rose and long positions were liquidated, according to Coinglass. Bitcoin dropped 2.7% to $81,151, while ethereum fell 4.9% and XRP slid 5%.
The dollar index is firmer and Treasury yields are near multiyear highs, pressuring grain futures and other commodities. The roundup also includes analyst views on euro weakness, euro adoption prospects and fixed-income valuations.
UniCredit’s Eszter Gargyan said Hungary’s new pro-EU government plans to meet euro adoption criteria by 2030, with markets focused on fiscal plans. She added Romania could be the next candidate after Hungary.
UniCredit’s Eszter Gargyan said Hungary’s pro-EU government plans to meet euro-adoption criteria by 2030, with markets watching fiscal progress.