Macro· ★★★★· bearish·

BlackRock cuts US equity exposure for bonds as Bitcoin slides to $81.5K

  • —BlackRock upgraded short-term Treasuries to overweight and long-term bonds from underweight to neutral
  • —US equities cut to neutral on AI-driven volatility and Fed policy uncertainty
  • —10-year Treasury yield topped 5.2%, a roughly 20-year high
  • —Bitcoin dropped 2.68% to $81,519 after retreating from $84,000
Why it matters: The world's largest asset manager rotating into bonds signals a broad risk-off shift that pressures Bitcoin and crypto.
#BTC
Source: Blockmedia
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