Cryptonary(@cryptonary):The two-year Treasury yield has gone from 4.56% to 4.86% in two trading sessions as the market starts to price a bigger Fed hike in December. BTC lost $70,000 overnight and touched $67,555, its lowest since August. It's down about 8% since Monday's open. Nvidia had the headlines and closed down 4.3% yesterday. We think the short end of the bond market is doing the damage, and crypto is where leverage gets cleared first. If producer prices come in hot at 1:30pm UK, we don't see a quick reclaim of $70k. A soft print and a daily close back above it would make us look again. Is a half-point hike in December now in your base case too?

2026.11.13 09:36

The two-year Treasury yield has gone from 4.56% to 4.86% in two trading sessions as the market starts to price a bigger Fed hike in December. BTC lost $70,000 overnight and touched $67,555, its lowest since August. It's down about 8% since Monday's open. Nvidia had the headlines and closed down 4.3% yesterday. We think the short end of the bond market is doing the damage, and crypto is where leverage gets cleared first. If producer prices come in hot at 1:30pm UK, we don't see a quick reclaim of $70k. A soft print and a daily close back above it would make us look again. Is a half-point hike in December now in your base case too?