UBS moves U.S. stocks to neutral amid overvaluation; Bitcoin drops below $65,500

On Friday, Bitcoin fell below $65,500 as U.S. wholesale inflation and equity jitters intensified. Analysts cut U.S. stocks to neutral on overvaluation, a weaker dollar and policy risks, while the 10-year yield slid to 3.97% from 4.21% over three weeks, sparking rotation talk toward BTC.