SpaceX OptionIn the past 3 hours, precious metals and cryptocurrencies added a combined $1.2 trillion.
Gold rose +3.08%, adding $934bn.
Silver rose +3.86%, adding $136bn.
Bitcoin rose +8.14%, adding $103bn.
Ethereum rose +9.66%, adding $22bn.
This shift coincides with the Treasury's announcement of doubled bond buybacks, pushing the 30-year yield down from its 19-year high to 5.187%.
As yields fall, non-yielding assets become more attractive.
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