Bitcoin and other cryptocurrencies continued their sell-off in the overnight session as the market sentiment worsened.
Meanwhile, the sell-off in the bond market continued, with the yield of the 10-year rising to 3.34%. The 30-year yield rose to 3.485 while the 2-year rose to 3.5%. Meanwhile, CNN Money’s fear and greed index moved back to the fear zone of41 while the VIX index soared.
Also, data published on Friday showed that the country’s labor market is still strong even as the unemployment rate rose slightly. Therefore, analysts expect that the bank will hike interest rates by either 0.50% or 0.75% this month.
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