Saudi Arabia halts oil supplies to Europe: WTI at $103, Treasury yields at 5%, bitcoin falls
- —Saudi Arabia halted oil supplies to Europe
- —WTI rose to $103 per barrel
- —The yield on 10-year US Treasuries reached 5%
- —Bitcoin fell in sync with bonds
Why it matters: Rising yields and the oil shock increase pressure on risk assets, including bitcoin, and raise the odds of further Fed tightening.
Source: Google News (crypto query)