Bitcoin reached a two-year high and was approaching its first record high since November 2021. The Bitcoin rose 5.7% to $66,185, reaching its November 2021 intraday peak.
"Bitcoin is a very high-volatility, speculative, momentum-related play and it always has been," said Pursche. "The one thing it’s good for from an analyst’s perspective is it’s an indicator of risk sentiment and investors' willingness to take on risk."
An busy week of central bank activity and significant U.S. employment statistics left the dollar steady against a basket of international currencies.
The euro rose 0.2% to $1.0859, while the dollar index (.DXY) lost 0.06%. Sterling rose 0.34% to $1.2693, while the Japanese yen fell 0.21% to 150.44 per dollar.
Treasury yields rose ahead of a busy week of central bank and economic data. Benchmark 10-year notes declined 12/32 to 4.2268% from 4.182% late Friday.
The 30-year bond yielded 4.3722%, down 24/32 from 4.327% late Friday. After OPEC+ extended its output cuts as predicted, oil prices reversed gains.
U.S. crude declined 0.41% to $79.64 while Brent fell 0.31% to $83.29.
Market players wagered that the Fed will cut rates in June, sending gold to a near two-month high. Gold rose 0.9% to $2,101.79 ounce.
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