Soaring Treasury yields and rising rate hike expectations drive Bitcoin and risk assets lower, with geopolitical tensions adding pressure.
Bitcoin drops 1.2% amid geopolitical tensions and oil price surge, raising fears of persistent inflation and Fed rate hikes.
European stocks plummet on renewed inflation fears after hot US data, with PM Starmer's UK growth plan under pressure.
Japan's Nikkei 225 fell 2% as government debt yields surged past 5.18%, tracking broader Asia-Pacific declines led by South Korea's 6% rout.