The 10-year Treasury yield touched 5.31%, close to its highest level since 2002, before retreating intraday on Trump's Iran comment. US tech stocks fell for a second session after reports that OpenAI's annualized revenue was $20 billion lower than previously stated, with the Nasdaq down 1.25% and the S&P 500 off 0.47%. Bitcoin fell alongside both. That is the second day running where the selling has a rates explanation rather than a crypto one, following Wednesday's FOMC minutes pointing to another hike before year end. Anyone reading this as a Bitcoin-specific breakdown is looking at the wrong chart.