Jerome Powell

Bitcoin drops below $20,000; $70 billion wiped out in the crypto market

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Bitcoin has been under pressure since the Federal Reserve signaled interest rates could move higher than expected and after a major crypto-focused lender, Silvergate Capital, collapsed. Jonathan Raa | Nurphoto | Getty Images Bitcoin fell below $20,000 on Friday, reaching an all-time low in nearly two months, following a sell-off in the US stock market … Read more

investors await key jobs data

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US Treasury yields fell Friday as investors awaited key jobs data that could affect future interest rate decisions from the Federal Reserve. At 4:28 am ET, the 10-year Treasury was trading at 3.8354% after falling nearly nine basis points. The yield on the 2-year Treasury fell more than seven basis points to 4.8285%. Yields and … Read more