Bitcoin Drops as Iran-US Conflict Intensifies
Bitcoin fell over 2% to $77,363 on Tuesday as US-Iran attacks pushed investors into risk-off mode.
Inflation, employment, growth data and central bank decisions, and how they reprice risk across markets.
Bitcoin fell over 2% to $77,363 on Tuesday as US-Iran attacks pushed investors into risk-off mode.
Japanese bond yields hit multi-decade highs, pressuring yen carry trades and raising questions about Bitcoin's vulnerability to a stronger yen.
Robert Kiyosaki's $1.2 billion debt is secured by apartment buildings, not his Bitcoin or gold. His personal share is far lower.
The dollar rose across the board, Treasury yields increased, and stocks fell as renewed US-Iran fighting pushed crude above $90, adding to inflation concerns.
RBNZ rate hike widely expected; Australian Q2 GDP data due with focus on trade and inventories.
The 10-year yield hit 4.80%, just shy of the Jan 2025 high, as the bond bears' breakout above 4.75% targets 5%.
Canadian PM Carney demands US stop memes before trade talks resume. Retaliatory tariffs set for Sept 8.
Bessent stressed monetary policy communication and backed Japan's yen steps. Also commented on Fed; crude oil rose on Iran attack.
Bessent said Japan is taking right steps for its economy; G20 discussed growth and trade protection. Xi-Trump meeting set for Sept 2026.
Carney said Canada never believed it had a trade deal with the US and criticized US officials' insults.
US construction spending dropped 0.5% in July, worse than the expected flat reading. Residential construction led the decline.
US manufacturing ISM PMI fell to 54.6 in August, missing the 55.2 estimate, with most components weakening.
JOLTs job openings for July were 7.271 million, slightly below the 7.300 million estimate, with little change in hires and quits.
The S&P Global US manufacturing PMI for August was finalized at 53.9, above the preliminary 53.2 estimate, with slower output growth but rising confidence.
Fed's Barr warns persistent inflation above target could lead to a rate hike if it doesn't moderate soon.