The risk-off whiplash

By: Miguel A. Rodriguez

11:22, 05 October 2021

Bitcoin eyes $50,000 for first time since El Salvador rollout
  • #WallStreet tumbled as investors dumped Big Tech and other growth stocks in the face of rising Treasury yields, while concerns about a potential U.S. government debt default offered another reason for caution
  • #Bitcoin is making a push back to $50,000 for the first time since El Salvador’s checked rollout of the largest cryptocurrency as legal tender at the start of September
  • More bleeding in technology stocks pushed #Apple Inc. into correction territory, making it the third of the five megacap tech companies to fall more than 10% from peaks earlier this year
  • #XAUUSD added 0.2% in the last session

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