Thursday 08 October 2026 07:00 UTC
Geopolitical risk is the dominant driver this session: Iran strike reports have sent oil sharply higher, reigniting rate-persistence fears and triggering broad risk-off across equities and crypto. The US 10Y yield at 5.28% is the structural overhang — at this level, risk assets face continued multiple compression, and any further yield spike on oil/inflation pass-through is the primary tail risk for the session. DXY is largely flat at 102.29, VIX remains subdued at 15.1, and gold is essentially unchanged — suggesting this is a crypto-specific and geopolitically-driven sell rather than a full macro flight-to-safety.