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Bitcoin Stands Strong as $90 Oil and Rising Yields Rattle Global Markets

Bitcoin is holding around the upper-$70,000 range while several major traditional markets face significant moves. Oil has climbed above $90 a barrel, government bond yields have risen, stocks have fallen and gold has dropped sharply. Bitcoin has traded between roughly $76,000 and $80,000 following Friday’s decline. The contrasting moves put Bitcoin alongside some of the biggest developments across global markets this week. Oil Breaks Above $90 WTI crude oil futures have climbed above $90, gaining nearly 9% over the past week. The move comes alongside rising government bond yields across several major economies. The U.S. 10-year Treasury yield has climbed