Bitcoin and copper futures fall with stocks and yields; gold rises on haven demand

CoinDesk reported that Bitcoin futures tied to copper fell nearly 1% after a 1.6% decline the previous day, while Asian stocks dropped on a Korean chipmaker selloff and Nasdaq futures also declined. Treasury yields fell, with the 10-year note yield dropping eight basis points to 5.08%, and gold rose 1% as investors moved toward haven assets. InvestingLive analyst Giuseppe Dellamotta described the environment as stagflationary, with risk assets and the dollar underperforming while gold outperforms. Fed rate-hike fears spiked after a hot U.S. CPI report but faded quickly, with CME futures pricing only a 29% chance of a hike to the 4%–4.25% range later this month, down from briefly near 50%.