Brent crude breaks above $100 as yields rise and BTC tests $78K support

  • Brent crude settled above $100, while BTC recovered after briefly falling to $77.6K.
  • The U.S. 10-year Treasury yield reached about 4.85%, its highest since November 2023.
  • LAPTOP fell more than 99% after launching on Base amid thin liquidity and airdrop selling.

Brent crude settled at $101.21 a barrel after breaking above $100, while WTI closed at $96.05, adding to inflation and energy-risk concerns as attacks involving U.S. and Iranian forces around oil tankers escalated. The U.S. Treasury planned to repurchase up to $6 billion of 10- to 20-year off-the-run Treasuries, but the operation did not contain yields: the 10-year yield reached about 4.85%, its highest level since November 2023, while the 30-year yield moved above 5.30%. The Dow fell 0.77%, the S&P 500 declined 0.48% and the Nasdaq dropped 0.64%. BTC briefly fell to $77.6K before trading near $78K, while ETH held around $2.46K. The market is focused on whether $100 oil persists and feeds into core inflation, making the U.S. PPI release important. BTC support is being watched at $77K-$78K, with $75K-$76K as a deeper defense zone; resistance stands at $79.5K-$80K, while a sustained move above $80K and a break near $82K would support a stronger market structure. Hunter Biden's LAPTOP token launched on Base but fell more than 99% from its peak after thin liquidity, front-running bots and concentrated airdrop supply drove an initial surge. Bubblemaps estimated about 80% of traders were losing money, prompting concerns about a rug pull, insider trading and market-maker selling. Hunter Biden said team tokens remained locked and that neither he nor the team had sold, attributing volatility to low liquidity, technical problems and sniper activity. Meme-token capital is rotating across chains, with PONS, BNC and BNC4 declining while Solana's STONK remained active; Venice's VVV reached a record above $27 amid token burns and AI-related attention. The source also highlights U.S.-Iran and Yemen conflict developments, U.S. employment data, Germany's planned 25% crypto capital gains tax, new payments and stablecoin initiatives, tokenized-equity products, the CLARITY Act, and upcoming economic data, central-bank decisions, earnings, token unlocks and the BRICS Leaders' Summit.

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Brent crude breaks above $100 as yields rise and BTC tests $78K support - CoinPost Terminal