Bitcoin Surges 11% as Treasury Buybacks Push Yields Lower
Bitcoin surged near $71,800 after an unexpected Treasury move pushed long-term borrowing costs lower and triggered a record short squeeze. Now Fed rate-hike concerns, Brent crude near $94, and Walmart earnings are testing whether the market’s new setup can hold.
Micron Fell 7% as Treasury Yields Pressure AI Hardware
Micron, Seagate, and SanDisk were hit hard even without bad earnings or company-specific news. The real pressure came from rising long-term Treasury yields, just as investors begin questioning the enormous future cost of the AI buildout.
Micron Hits $1,000 as Microsoft Loses $112 Billion
Micron surged above $1,000 while Microsoft lost roughly $112 billion in market value as investors separated the companies selling the AI buildout from those paying for it. Rising memory costs, higher Treasury yields, and Wednesday’s Fed minutes could determine whether that divide grows wider.