Live updates: Global bond yields surge, pressuring debasement-trade assets further
Bitcoin slipped below $77,500 and every major is red on the day. The smaller crypto ETFs kept taking money while the bitcoin funds gave some back.
Source: CoinDesk
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DW NOTE
Bitcoin traded below $77,500 as bond yields rose — a reminder that the debasement trade works in one direction only when real rates turn positive. Gold is off 16.8% from January's high despite persistent Middle East supply shocks. The correlation everyone relied on in 2020 hasn't held in 2026.