Finance

Shares of SpaceX stabilized with a gain of approximately 6% after a volatile three-day losing streak that saw its market capitalization briefly dip below $2 trillion. The recent pressure stemmed from the company's first-ever senior unsecured notes offering, which triggered profit-taking despite disclosure of over $100 billion in cash reserves.

The 10-year Treasury yield rose toward 4.5% as markets adjusted to a more hawkish stance from Federal Reserve Chairman Kevin Warsh. Investors are increasingly pricing in a potential interest rate hike as early as September, fueled by concerns over persistent inflation and a resilient labor market.

Bitcoin and Ethereum saw mid-morning declines on June 23, with Bitcoin falling toward the $62,000 level as the broader tech selloff impacted digital assets. Analysts noted that higher interest rate expectations and a shift of risk capital toward AI-related infrastructure are creating sustained headwinds for crypto demand.