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Markets Bleed Red: US Stocks and Bitcoin Tumble as Yield Surge Reflects Deficit Panic
Markets Bleed Red: US Stocks and Bitcoin Tumble as Yield Surge Reflects Deficit Panic
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Wall Street and crypto traders got a double gut-punch today—equities and Bitcoin slumped in unison while Treasury yields spiked on Washington’s reckless spending habits. Another day, another dollar... debased.
The 10-year yield ripped past 4.5% as bond markets finally noticed the trillion-dollar deficits piling up like empty promises at a central banker’s cocktail party. Bitcoin—that supposed inflation hedge—tracked tech stocks downward in a depressing display of correlation when diversification was promised.
Gold bugs are oddly quiet today. Probably too busy stacking bullion to gloat.
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