Bitcoin drops below $97,000 as Treasury yields pressure risk assets

• 

  Bessent to divest from assets on road to leading Treasury

  President-elect Trump’s Treasury Secretary pick Scott Bessent has plans to divest from funds and other investments as he prepares to take over as the country’s top economic official. In an ...
  
  The Hill - 6d
• 

  Scott Bessent, Trump’s Billionaire Treasury Pick, Will Shed Assets to Avoid Conflicts

  Financial disclosure forms show hundreds of millions of assets including property in the Bahamas and investments in Bitcoin and bets against China’s currency.
  
  The New York Times - Jan. 11

• Bitcoin may fall 20% to $73,000 if it breaks below this key support level

  Bitcoin may face a downside potential to $73,000 if it breaks below its support level at around $90,680, according to Kim Kramer Larsson, analyst at Saxo Bank.
  
  MarketWatch - Jan. 10

• Higher bond yields could knock bitcoin back down to $90,000

  Bitcoin is on pace to record its third straight day of declines as macroeconomic headwinds weigh on the crypto after it hit a record high near $110,000 last month.
  
  MarketWatch - Jan. 10

• 10-year Treasury yield drops for first time in five sessions during shortened trading

  Treasury yields finished lower in Thursday’s abbreviated trading session, with the bond market shutting early in observance of a national day of mourning to honor former President Jimmy Carter.
  
  MarketWatch - Jan. 9

• Treasury yields fall in shortened trading session

  U.S. Treasury yields fell during a shortened trading session as the bonds market will close early in honor of the late former U.S. President Jimmy Carter.
  
  CNBC - Jan. 9

• 10-year Treasury yield rises to highest since April as Fed notes upside risk to inflation

  The benchmark yield topped 4.7%, after the latest Fed meeting minutes indicated greater concern over inflation.
  
  CNBC - Jan. 8

• Treasury yield curve steepens for all the wrong reasons

  Investors continued to sell off the 30-year Treasury bond for a sixth straight session on Wednesday, pushing its yield further into its highest closing level in more than a year.
  
  MarketWatch - Jan. 8

• Cryptocurrencies jump to start 2025, bitcoin rises back above $97,000

  Cryptocurrencies rose to start the year, rebounding from recent losses as investor optimism returned to the market.
  
  CNBC - Jan. 2

More from CNBC

• Apple, Google remove TikTok from stores as app halts service in U.S.

  Apple and Google have removed TikTok from their respective app stores as U.S. operations shut down.
  
  CNBC - 5h

• Solana surges 12% on launch of Trump-themed meme coin, ether falls

  Solana's SOL token rocketed after a meme coin linked to President-elect Donald Trump launched on the popular blockchain network.
  
  CNBC - 12h

• Vanguard to pay more than $100 million to SEC over violations involving target date retirement funds

  The payment stems from a 2020 change by Vanguard that led to redemptions in one class of target date funds.
  
  CNBC - 1d

• GLP-1s and Brian Thompson’s killing loom large at top health-care conference

  This year's JPMorgan health-care conference took place a month after UnitedHealthcare CEO Brian Thompson was fatally shot in New York City.
  
  CNBC - 21h

• Trump inauguration to be moved indoors due to extreme cold

  Donald Trump will be sworn in for a second White House term in the Capitol Rotunda due to expected frigid weather in Washington, D.C.
  
  CNBC - 1d

More in Business

• 

  Trump Considering TikTok Ban Delay

  President-elect Donald Trump may grant an extension allowing TikTok to keep going beyond the ban.
  
  Inc. - 21m
• 

  A Trump Oligarchy Is Moving to Washington, and Buying Up Prime Addresses

  Billionaires and multimillionaires are flocking to a city where power has been more important than money, but is now deeply intertwined with it.
  
  The New York Times - 26m

• How ‘Mufasa: The Lion King’ Became a Sleeper Hit

  The “Lion King” prequel arrived to weak ticket sales last month, but moviegoers have since embraced it, pushing global box office returns toward $700 million.
  
  The New York Times - 26m
• 

  Fox News Prepares to Cover a Government Filled With Fox News Alumni

  President-elect Donald J. Trump has leaned heavily on familiar faces from the cable network as he fills out his second-term cast.
  
  The New York Times - 27m
• 

  ‘So Much Uncertainty’: Businesses Worry About Trump’s Many Tariff Plans

  The incoming president has floated numerous tariff plans. Retailers say their livelihood could depend on which ultimately come to fruition.
  
  The New York Times - 27m