Gold Drops 3.4% as Treasury Yields Hit 2007 High, Bitcoin Slips Near $83,000
- —Gold dropped 3.4% to $4,110.55 an ounce, a seven-week low
- —The 10-year Treasury yield hit 5.23%, its highest since 2007
- —Bitcoin fell toward $82,600 before recovering to about $83,000
- —U.S. spot Bitcoin ETFs drew $2.39 billion in the week of Sept. 21–25
Why it matters: Rising Treasury yields pull capital away from non-yielding assets like Bitcoin; markets await U.S. inflation and jobs data that could shape the Fed's next move.
Source: Blockonomi
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