On Monday, the S&P 500 fell to a new record low for the year as the 10-year Treasury yield hit 3% for the first time since 2018. Also, on Monday, European stocks plunged during the first few minutes of trading, which caused some exchanges to briefly halt trading. Gold, a traditional safe haven, was also down on Monday.
Originally Posted on: https://www.coindesk.com/markets/2022/05/02/market-wrap-cryptos-and-stocks-mixed-bitcoin-outperforms-altcoins/?utm_medium=referral&utm_source=rss&utm_campaign=headlines
By: Damanick Dantes, Angelique Chen