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Risk assets trade weak as investment banks pare back Fed rate cuts in the wake of Friday's hotter-than-expected U.S. jobs report.

During a presentation in Orlando on Monday, Saylor told executives to invest in bitcoin instead of bonds, which he labeled as "toxic."

(Bloomberg) -- Bitcoin slumped to an almost two-month low as investors dumped riskier assets following a sharp rise in bond yields. Most Read from BloombergThese Homes Withstood the LA Fires. Architects Explain WhyA Blueprint for Better Bike LanesWhat Robotaxis Brought San FranciscoThe original cryptocurrency dropped as much as 5.3% to $89,329 on Monday, its lowest since Nov. 18 and well below the peak of $108,316 it reached in December. Other cryptoassets were down even more, with Ether and Sol

Price drops reflect anxieties over fewer rate cuts, unsettling traders across cryptocurrency and broader finance.

(Bloomberg) -- Federal regulators are deciding whether to probe the legality of trading in Crypto.com futures contracts that let investors bet on who will win major football games including the Super Bowl.Most Read from BloombergThese Homes Withstood the LA Fires. Architects Explain WhyA Blueprint for Better Bike LanesWhat Robotaxis Brought San FranciscoAmbitious High-Speed Rail Plans Advance in the Baltic RegionThe five-member Commodity Futures Trading Commission is in the process of voting on

Bitcoin under $90K is not something we've seen since November, but recent economic data dimming hopes of rate cuts caused investor jitters that not even spot bitcoin ETFs inflows or MicroStrategy's latest buy could shake.

FDIC Vice Chairman Travis Hill is set to become acting chairman at the start of the next administration, and he's critical of the FDIC's digital assets stance.