Treasury Yields Hit 19-Year High, Bitcoin Tests $83K as ETFs Pull $347M

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Welcome to Stock Market Today, your market briefing with actionable insights on stocks, bonds, crypto and the events moving markets.

Let's get into it. Treasury markets are taking center stage as the 10-year yield hits 5.13%, the highest level since 2007

Bitcoin is trading at $83,569, down over 2% as rising yields pull capital into government debt. Ethereum sits at $2,648, while Solana and XRP are down 3% to 7.5%, respectively. US spot Bitcoin ETFs attracted $347 million on Wednesday, extending inflows to five consecutive days. BlackRock's IBIT led with $166 million, followed by Fidelity's FBTC at $143 million. Critical detail. All 15 institutions interviewed by Bitwise maintained or increased crypto holdings through a 50% drawdown. No institutions cut allocations. The bond move is driven by strong economic data.

S&P Global's Composite PM1 surged to 58.4 in September, the fastest business expansion in over five years. CME FedWatch now prices in four quarter-point rate hikes by June 2027

Litecoin is the outlier, up 8% to $66.95 and 37% for the month. Traders are positioning ahead of the July 2027 halving. On-chain activity hit over $1 billion in 24-hour volume. Market infrastructure is evolving rapidly. MoonPay is acquiring SEC-registered North Capital in a $60 million all-stock deal. The NYSE partnered with blockchain.com to provide crypto users access to tokenized US stocks through its planned digital alternative trading system with 24-7 trading. Trump administration officials are reportedly weighing a plan to promote dollar-backed stablecoins globally, aiming to cement the dollar's reserve currency status.

Cross-border stablecoin flows already surged 78% to $220.3 billion in the 12 months ending June. That wraps your market intel. Trade smart out there. For deeper insights and real-time analysis, visit capitalcopilot.io.