Futures slip after bond yields surge, Bitcoin tumbles - what's moving markets
Benchmark Treasury yields, meanwhile, declined early on in the final trading day of the week.has seen a period of relative stability over much of the past two months, with the price of the world's most well-known cryptocurrency at one point reaching a yearly high of $31,818 in July.
The drop in Bitcoin comes at a delicate time legally for cryptocurrency-adjacent companies. U.S. regulators are attempting to crack down on the sector due to concerns that it is"rife" with fraud and scams. Binance and Coinbase , two of the largest crypto exchanges, now face lawsuits from the Securities and Exchange Commission.China Evergrande Group has filed for bankruptcy protection in a U.S.
Dozens of developers have defaulted since Evergrande's collapse, although Beijing has yet to step in to bail out any of these ailing firms.
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