Bitcoin (BTC) is trading at $83,500 two hours prior to the U.S. market open, down 2.55% over the past 24 hours. Ether (ETH) and solana (SOL) are down closer to 3%, and XRP (XRP) is lower by 7.5%.
U.S. stock index futures are pointing to a second day of declines, the Nasdaq down 0.9% and the S&P 500 off 0.5%.
The bond market is steady early Thursday following yesterday’s plunge that saw the U.S. 10-year Treasury yield surge nearly 20 basis points to its highest level in more than 19 years.