{"id":74617,"date":"2026-11-13T00:08:15","date_gmt":"2026-11-13T04:08:15","guid":{"rendered":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/global-markets-react-to-rising-yields-and-energy-costs-bitcoin-slips-below-70000\/74617\/"},"modified":"2026-11-13T00:08:15","modified_gmt":"2026-11-13T04:08:15","slug":"global-markets-react-to-rising-yields-and-energy-costs-bitcoin-slips-below-70000","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/global-markets-react-to-rising-yields-and-energy-costs-bitcoin-slips-below-70000\/74617\/","title":{"rendered":"Global Markets React to Rising Yields and Energy Costs; Bitcoin Slips Below $70,000"},"content":{"rendered":"<h2>Key Takeaways<\/h2>\n<ul>\n<li><strong>Bitcoin (<a href=\"\/stock\/BTC\">BTC<\/a>) fell below the $70,000 psychological threshold<\/strong> for the first time since August, pressured by rising global bond yields and potential regulatory shifts.<\/li>\n<li><strong>The U.S. Postal Service (USPS) announced an 11% postage hike<\/strong> starting January 2027, making its previously temporary fuel surcharge permanent to combat soaring diesel prices.<\/li>\n<li><strong>Japan\u2019s 2-year government bond yield rose to 1.890%<\/strong>, reflecting persistent upward pressure on global interest rates as markets adjust to inflation expectations.<\/li>\n<li><strong>Indonesia\u2019s bond market showed signs of recovery<\/strong> after the Finance Ministry reported a rebound in auction bids, despite a recent warning from MSCI regarding the country&#39;s stock market status.<\/li>\n<li><strong>The Canadian Dollar (<a href=\"\/stock\/CAD\">CAD<\/a>) held steady near 1.4250 against the USD<\/strong>, showing resilience even as <a href=\"https:\/\/stockmarketwatch.com\/energy\/crude-oil\" data-internallinksmanager029f6b8e52c=\"12\" title=\"Crude oil\">oil prices<\/a> faced downward pressure from growing U.S. crude inventories.<\/li>\n<\/ul>\n<h2>Crypto Markets Under Pressure as Yields Climb<\/h2>\n<p><strong>Bitcoin (<a href=\"\/stock\/BTC\">BTC<\/a>)<\/strong> experienced a sharp decline on Friday, slipping below <strong>$70,000<\/strong> to reach a fresh three-month low. The sell-off was largely attributed to rising <strong>U.S. Treasury yields<\/strong>, which reduce the appeal of non-yielding assets like cryptocurrencies. Market participants are also weighing the impact of <strong>MSCI&#39;s<\/strong> decision to remove major Bitcoin holders, such as MicroStrategy (<a href=\"\/stock\/MSTR\">MSTR<\/a>), from its benchmark indexes effective November 30.<\/p>\n<p>The broader crypto sector followed suit, with <strong>Ether (<a href=\"\/stock\/ETH\">ETH<\/a>)<\/strong> dropping below the <strong>$2,000<\/strong> mark. In the futures market, the volatility triggered massive liquidations, with reports indicating over <strong>$1.3 billion<\/strong> in positions were wiped out within a 24-hour period. Meanwhile, <strong>Kraken<\/strong> investigated a disruption affecting live data updates for its U.S. futures platform, though the exchange clarified that broader operations remained active.<\/p>\n<h2>USPS to Make Fuel Surcharges Permanent by 2027<\/h2>\n<p>To address the financial strain of high energy costs, the <strong>U.S. Postal Service (USPS)<\/strong> has moved to make its fuel surcharge a permanent fixture of its pricing model. Starting <strong>January 17, 2027<\/strong>, select postage prices will see an <strong>11% increase<\/strong>, consisting of a permanent <strong>8% surcharge<\/strong> and an additional <strong>3% base price hike<\/strong>. This move aligns the agency more closely with private competitors like FedEx (<a href=\"\/stock\/FDX\">FDX<\/a>) and United Parcel Service (<a href=\"\/stock\/UPS\">UPS<\/a>).<\/p>\n<p>The agency reported a <strong>$6.5 billion loss<\/strong> for fiscal year 2026, a slight improvement from the previous year&#39;s <strong>$9 billion loss<\/strong>. The new surcharges will apply to <strong>USPS Ground Advantage<\/strong>, <strong>Priority Mail<\/strong>, and <strong>Parcel Select<\/strong> services. The USPS Board of Governors stated these adjustments are necessary to maintain competitiveness while diesel prices remain elevated, currently averaging <strong>$6.10 per gallon<\/strong> nationally.<\/p>\n<h2>International Bond Markets and Currency Resilience<\/h2>\n<p>In Asia, the <strong>Japan 2-Year Government Bond (JGB)<\/strong> yield rose <strong>4.0 basis points to 1.890%<\/strong>, its highest level in several weeks. The rise comes as investors anticipate further policy normalization from the <strong>Bank of Japan<\/strong> amid global inflationary trends. This upward movement in yields has contributed to the broader strengthening of the U.S. Dollar against speculative assets.<\/p>\n<p>In Southeast Asia, <strong>Indonesia&#39;s Finance Ministry<\/strong> reported that demand for its rupiah-denominated bonds has begun to recover. Earlier auctions had seen bids halve following a warning from <strong>MSCI<\/strong> about a potential downgrade of Indonesian stocks to &quot;standalone market&quot; status. Despite these headwinds, the ministry highlighted that the country spent <strong>173.2 trillion rupiah ($9.50 billion)<\/strong> on its flagship free meals program from January to October, serving over <strong>58 million recipients<\/strong>.<\/p>\n<p>The <strong>Canadian Dollar (<a href=\"\/stock\/CAD\">CAD<\/a>)<\/strong> remained remarkably stable, trading around <strong>1.4250<\/strong> against the Greenback. While <strong>West Texas Intermediate (WTI)<\/strong> crude prices softened due to a <strong>9-million-barrel<\/strong> increase in U.S. inventories, the Loonie&#39;s losses were capped by expectations that the <strong>Federal Reserve<\/strong> may maintain a cautious stance on interest rate hikes in December.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Key Takeaways Bitcoin (BTC) fell below the $70,000 psychological threshold for the first time since August, pressured by rising global 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