Bitcoin breaks $70,000 barrier, surges 11.7 pct again

Bitcoin surged above the $70,000 level, and was last up 11.7% at $70,958.

“The incredible demand for bitcoin continues as the new ETFs continue to see very strong flows,” Detrick said.

Treasury yields edged higher after the $66 billion auction of two-year notes as markets got used to the idea of the Fed cutting interest rates three times this year.

Benchmark 10-year notes last fell 8/32 in price to yield 4.2493%, from 4.218% late on Friday.

The 30-year bond last fell 14/32 in price to yield 4.4183%, from 4.392% late on Friday.

Oil prices advanced due to supply concerns arising from Russian output cuts and geopolitical conflicts.

U.S. crude rose 1.64% to settle at $81.95 per barrel, while Brent closed at $86.75 per barrel, up 1.55% on the day.

Gold firmed ahead of key U.S. economic data this week.

Spot gold added 0.3% to $2,170.60 an ounce.

Scroll to Top