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Bitcoin and other assets fall; gold rises
Bitcoin and other major cryptocurrencies such as XRP, ether, and solana have dropped more than 2% in the past 24 hours. Copper futures have also declined, while gold has risen. This broad-based exit from riskier investments is attributed to investors reducing exposure to risk and seeking safety, with some stagflation fears mixed in. The yield on the 10-year note has fallen to 5.08%, down from the recent peak of 5.36%. Analysts suggest that the Fed's interest rate hike probability has decreased to 29% from the 50% level after the CPI report.