The US 10-year Treasury yield fell back below 5%, eight days after breaking above it, and the easing in both energy and rates lifted equities broadly. The S&P 500 rose 1.49%, the Dow 0.71%, the semiconductor index 4.3%, and the Nasdaq Composite closed at a record high. Coinbase, Strategy and Robinhood all rallied alongside. Bitcoin ran from around $80,000 through $84,000 and $85,000 to roughly $87,000, with Ethereum clearing $2,800.