Finance

U.S. Treasury yields climbed to one-week highs, with the 10-year yield reaching approximately 4.47%. This upward movement reflects a resilient domestic economy and ongoing pressure on the Federal Reserve to maintain or potentially raise interest rates later this year.

Bitcoin recently recorded its worst monthly performance since mid-2022, dropping roughly 20% in June to hover near the $58,000 level. Sustained selling pressure from U.S. spot Bitcoin ETFs has contributed to this decline, though some institutional whales have reportedly begun accumulating at these lower price points.

Gold prices remained under pressure near seven-month lows due to firming Treasury yields and a stronger U.S. dollar. Simultaneously, Brent crude oil prices fell over 2% as diplomatic progress between the U.S. and Iran offered hope for the full reopening of the Strait of Hormuz.