Bitcoin Slips Below 200-day SMA as 10-Year Treasury Yield Hits Lowest Since April

Group 1: Cryptocurrency Market Overview - Bitcoin (BTC) fell below its 200-day simple moving average of approximately $107,500, reaching a price of $106,900, marking a 7% decline for the week following a 6.5% drop the previous week [1] - Other cryptocurrencies such as XRP, SOL, and ETH also experienced losses, with weekly declines ranging from 9% to 12% [1] Group 2: Market Dynamics and Influences - Over $500 million in outflows were recorded from U.S.-listed spot exchange-traded funds (ETFs), indicating liquidity stress in the financial system [2] - Technical charts suggest a potential drop in Bitcoin prices below $100,000 in the near future [2] Group 3: Broader Economic Indicators - The S&P 500 futures fell nearly 1%, influenced by banking shares after Zions Bancorp and Western Alliance Bancorp revealed connections to fraud-linked loan exposure, raising concerns about systemic fraud [3] - The Philadelphia Fed Manufacturing Index dropped 36 points to –12.8, signaling a slowdown in economic activity and increasing demand for longer-dated Treasury notes [4]