<div id="readability-page-1" class="page"><h3>14:51 UTC — Digital asset stocks are taking a beating, too</h3>The pressure quickly spread across crypto-linked equities as investors cut exposure to higher-risk corners of the market.Crypto ( CRCW ) exchange Coinbase (COIN) dropped nearly 6%, while Robinhood (HOOD), the retail brokerage with a growing crypto business, fell more than 3%. Digital asset investment firm Galaxy (GLXY) slid 5.4%.Stablecoin issuer Circle (CRCL) was among the bigger decliners, down 7.4% after this week’s sharp rally tied to progress on the Clarity Act.The largest corporate bitcoin holder Strategy (MSTR) fell 5.4%, while Ethereum-focused treasury firm Bitmine (BMNR) lost almost 6%.Bitcoin miners, increasingly tied to the AI infrastructure buildout, were hit even harder. MARA Holdings ( MARA ) and Hut 8 ( HUT ) each dropped around 7%, Cipher Mining (CIFR) fell nearly 9%, and Bitdeer ( BTDR ) sank almost 11%, leading losses across the sector.<hr/><h3>14:41 UTC — Crypto, stocks sell off as surging bond yields spook investors </h3>Bitcoin (BTC) tumbled at the start of Friday’s U.S. session as a sharp rise in government bond yields sparked broad selling across assets.The largest cryptocurrency fell to as low as $78,600, down roughly 4% from Thursday’s high of $82,000 after the Senate Banking Committee advanced the crypto market structure bill known as the Clarity Act. BTC later stabilized slightly above $79,000, still lower by nearly 2.2% over the past 24 hours.The selloff extended well beyond crypto: U.S. stocks and gold also sold off. The Nasdaq 100 and S&amp;P 500 opened the session with 1.7% and 1.2% declines, respectively, while gold fell 2.5% to near $4,500 per ounce.On the other hand, oil prices rose again, with the WTI crude oil front-end futures jumping 3% to cross $100.The moves happened as investors are increasingly grappling with the idea that rising energy prices and resurging inflation could force central banks back into tightening mode.The yield on the U.S. 10-year Treasury climbed to 4.58%, its highest level in more than a year. In the UK, 10-year gilt yields surged to 5.2%, the highest since 2008. U.S 10-year Treasury bonds surged to 4.58%, highest in more than a year, while UK 10-year gilts jumped 5.2%, their worst level since 2008.As for the U.S. Federal Reserve, market participants now see nearly 50% odds for at least one rate hike by the end of this year and almost-zero chance for any rate cuts, according to CME FedWatch data. That's a rapid change from last week's 10% probability for a rate cut and 14% for a rate hike, and 28% chance for a cut and just 1% odds for higher rates.</div>

HOOD

COIN

GBTC

Bitcoin fell below $79,000, dropping to $78,600 amid rising bond yields and inflation concerns. This decline affected crypto-linked stocks, with Coinbase down nearly 6% and Robinhood falling over 3%. The U.S. 10-year Treasury yield reached 4.58%, its highest in over a year, prompting fears of potential rate hikes. The Nasdaq 100 and S&P 500 also saw declines of 1.7% and 1.2%, respectively, while oil prices rose 3%. Investors are increasingly worried about tightening monetary policy due to surging energy prices.

- Digital asset stocks are experiencing significant declines as investors reduce risk exposure, with Coinbase dropping nearly 6% and Circle down 7.4%.  
- Bitcoin fell to as low as $78,600 amid rising government bond yields, while U.S. stocks also declined, with the Nasdaq 100 and S&P 500 dropping 1.7% and 1.2%, respectively.  
- The U.S. 10-year Treasury yield rose to 4.58%, prompting concerns about inflation and potential Federal Reserve rate hikes, which are now seen as nearly 50% likely before year-end.

Fidelity

Robinhood

Coinbase

Grayscale Bitcoin Trust BTC - ETF

Fidelity Wise Origin Bitcoin Fund - ETF

Valkyrie Bitcoin and Ether Strategy ETF

ProShares Bitcoin Strategy ETF

ARK 21Shares Bitcoin ETF

Invesco Galaxy Bitcoin ETF

WisdomTree Bitcoin Fund

Bitwise Bitcoin ETF

Amplify Transform Data Sharing ETF

CoinShares Bitcoin ETF

VanEck Bitcoin ETF

Franklin Bitcoin ETF

Leverage Shares 2X Long HOOD Daily ETF

Galaxy Digital

Circle

Strategy

BitMine Immersion Tech

Mara

Hut 8 Mining

Cipher Digital

Bitdeer Tech

NASDAQ-100

S&P 500

Galaxy Digital Holdings Ltd.

MicroStrategy Pref Shares MSTR 10.0 Perp

Microstrategy Inc Pref Shares STRC 9.0 Perp

MicroStrategy Pref Shares MSTR 8.0 Perp

BITMINE IMMERSION TECNOLOGIES INC

Bitcoin tumbles below $79,000 as rising bond yields, inflation worries rattle markets