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Crypto

What to buy after selling bitcoin and gold? Bloomberg points to 5 percent U.S. Treasuries

U.S. Treasuries yielding around 5 percent a year could become a more attractive investment than bitcoin and gold, a forecast said. Citing Bloomberg Intelligence chief macro strategist Mike McGlone, a report said he singled out U.S. Treasuries as the key beneficiary of shifting capital. He described the current macro backdrop as the final phase for risk assets. He also pointed to Fed tightening, yields nearing 5 percent and rising energy-price pressure.

Crypto

Bitcoin breaks $77,000, extends rally for second day after rate hike shock

Bitcoin rose to $77,287, up 1.39 percent from a day earlier, with its market share at 58.22 percent, Coin360 data showed. Ethereum gained 1.9 percent to $2,474 and XRP rose 1.95 percent to $1. Altcoins also strengthened, led by NEAR, ZEC and HYPE. Markets continued a rally despite a surprise FOMC rate hike led by Fed chair Kevin Warsh, while caution persists over next week’s Clarity bill and further Fed comments.

Crypto

Bitcoin holds $76,000 despite U.S. rate hike, faces test from possible further tightening

Bitcoin held the $76,000 level despite a U.S. Federal Reserve rate increase, avoiding an immediate shock. The Fed lifted rates by 25 basis points to 3.75 to 4 percent, its first hike since 2023, while bitcoin traded around pre-announcement levels and rose 1.35 percent to $76,663 even as U.S. stocks fell. Attention has shifted to possible further tightening, with most officials forecasting at least one more hike this year.