The disappointing inflation data report spooked investors, with hopes for interest rate cuts this year dimming further, hitting risk assets across all markets. Major U.S. stock indexes such as the S&P 500 and the tech-heavy Nasdaq began the trading session down nearly 2%, while the 10-year U.S. Treasury bond yield jumped 8 basis points to 4.73%, its highest reading since November.
Source: https://www.coindesk.com/markets/2024/04/25/bitcoin-dips-to-63k-as-rate-cut-hopes-dim-following-disappointing-us-inflation-report/?utm_medium=referral&utm_source=rss&utm_campaign=headlines