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First Mover Asia: Will Bitcoin Remain in the Doldrums? Signals Are Mixed; Major Cryptos Are Mostly Flat

Safe-haven gold was swept up in the decline of riskier assets, sinking 0.3%, while the yield on a 10-year Treasury, which travels inversely from crypto prices, rose to 3.94%, near its 2022 high. Later this week, early third quarter earnings reports from PepsiCo, BlackRock and JPMorgan Chase are expected show weakenings. Amid the current economic down notes, the International Monetary Fund cut its growth forecast, warning that “the worst is yet to come.”