Bitcoin holds steady as yields climb, major exchanges go 24/7

00:00 Scott Melker

Bitcoin's rally is confronting a hostile global bond market. But Bitcoin has remained surprisingly strong in the face of all of that. We're going to tell you why and break down all the other stories moving crypto markets today on the Daily Wolf. Let's go.

00:23 Scott Melker

What is up everybody? Welcome to the Daily Wolf on Yahoo Finance. I am your host Scott Melker, also known as the Wolf of All Streets and we've got about 15 minutes to dive into Bitcoin price action and all the stories that are moving markets and I've got to say

00:40 Scott Melker

that Bitcoin has been surprisingly resilient in the face of quite a bit of macro headwinds. We're going to break those down right now. Here you go. Here's the headline. Bitcoin holds near 78,000

00:59 Scott Melker

as rising oil, treasury yields cap further gains. Now, obviously we know

01:07 Scott Melker

that when Bacent announced that he would intervene in the bond market, Bitcoin went flying, we had a short squeeze and then continued up over $80,000. And it was the idea that the United States government had finally seen enough pain in the bond market that they were going to react. But of course, since then,

01:25 Scott Melker