#MarketRally
Bitcoin plummeted yesterday and fell to just over $60,000 overnight, its lowest level since October 2024, before bouncing back above $70,700
Shares of Bitcoin treasury firm Strategy (MSTR) rose 25% to lead the Nasdaq after falling 17% yesterday, leading the index's declines, while cryptocurrency-linked companies MARA Holdings (MARA), Robinhood Markets (HOOD), and Coinbase Global (COIN) bounced back 22%, 14%, and 13%, respectively.
Silver futures rose slightly to around $77 an ounce, well below its high of approximately $121.75 on January 29. Gold futures, which had risen to about $5,625 an ounce the same day last week, increased nearly 2% to $4,975.
The yield on the 10-year Treasury bonds, which affects interest rates on a variety of consumer loans, including mortgages, rose to around 4.21% from Thursday's close of 4.18%.
