
So the Dow fell 1.3%, S&P 500 dropped 0.9%, and Nasdaq lost 1.0% as long-term Treasury yields pushed higher again. Walmart fell 9.2% after a rare sales miss, while Moderna gave back a big chunk of yesterday’s cancer-vaccine surge.Crypto has been moving the other way. Bitcoin is around $71.5K today versus roughly $64.2K a month ago, up about 11%, while Ethereum is around $2,272 versus roughly $1,865 a month ago, up about 22%. ETH has clearly been the stronger trade lately, and BTC just pushed back above $70K for the first time in more than two months.Interesting setup evolvingnwith equities getting pressured by yields while BTC and ETH keep grinding higher...Is crypto starting to decouple again, or is this just another short-term liquidity trade? via /r/walnutmarkets https://ift.tt/1fgmHQi
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