Silicon Valley Bank Rocks Crypto and Equity Markets Ahead of Nonfarm Payrolls

Silicon Valley Bank Rocks Crypto and Equity Markets Ahead of Nonfarm Payrolls


Bitcoin and ether have declined by 8% each in the past 24 hours, reaching a two-month low. In the meantime, Treasuries, or U.S. government bonds, have witnessed safe haven flows. The 10-year yield traded at 3.85% at press time, down 15 basis points from Thursday’s high of 4%. The two-year yield has dropped to 4.83% from 5.07%.

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