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Bitcoin was hovering around the $80,000 level Tuesday after the cryptocurrency surged last week on the Treasury Department's plans to double its buy back of longer-dated Treasurys.
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What matters more for oil prices is how hard U.S. sanctions hit China, Iran's biggest oil buyer, and whether Beijing pushes back.
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An antitrust challenge by a group of state attorneys general has left Paramount CEO David Ellison hunting for avenues to get his deal for WBD done.
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Bessent's move "does not change anything. It just reduces the cash that Treasury has on deposit," one analyst says.
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