Here’s your economic news today: Bitcoin tumbled below $23,000, hitting its lowest level since December 2020. The US dollar’s strength rose to its highest level since April 2020. Short-term rates jumped as 10-year Treasury yield jumped 20 basis points to 3.35%.
In this video:
0:00 Morning Jog 06-13-2022
00:23 Bitcoin down 14%
01:39 US Dollar surges, strongest since 2020
02:00 10-year Treasury yield rockets higher
#economicnewstoday #bitcoinnews #usdollarrate #treasuryyields
Good Morning! The Morning Jog is brought to you by Alex Klingelhoeffer from Exencial Wealth Advisors.
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Sources:
https://www.cnbc.com/2022/06/13/bitcoin-btc-falls-as-market-focuses-on-celsius-issue-fed-rate-hike.html
https://www.bloomberg.com/news/articles/2022-06-13/us-dollar-surges-to-strongest-since-april-2020-on-fed-hike-bets
https://www.cnbc.com/2022/06/13/us-bonds-2-year-treasury-rate-hits-highest-level-since-2007.html
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