Finance

The world's largest cryptocurrency temporarily breached the $81,000 threshold, marking its highest value since mid-May. The digital asset's strong momentum is driven by a weakening U.S. dollar, continuous institutional inflows into spot exchange-traded funds, and expectations of supportive regulatory adjustments.

Longer-term government bond yields extended their downward movement, with the benchmark 10-year Treasury note yield slipping below 4.67%. The decline follows reports and announcements indicating that the U.S. Treasury Department will expand its debt buyback program, effectively soothing recent bond market anxieties.

Shares of the athletic retailer tumbled more than 14% in early trading following a missed second-quarter earnings report and a downward revision of its full-year guidance. Executive leadership pointed to aggressive competitive discounting and an underperforming footwear segment as primary drivers for the adjusted forecasts.