Market Update: Yellen, Debt Ceiling, and Crypto Trends.

Hedge funds have increased their bearish bets on US Treasuries to record levels just before the US banking turmoil worsened, leading to a rally in Treasuries. However, sentiment flipped again after Friday's better-than-expected jobs data. Meanwhile, Janet Yellen has urged Congress to raise the debt ceiling, warning that there are no good options, and Binance has halted Bitcoin withdrawals twice in less than a day.