NewsWatch: How bitcoin is like Tesla and here to stay, but will feel volatility from this unique effect, says Deutsche Bank

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MARKETWATCH FRONT PAGE

The past week has been another blockbuster for bitcoin: The cryptocurrency cleared the $60,000 milestone over last weekend and has been bolstered by news from major banks. See full story.

Yield on U.S. 10-year surges, pressuring Nasdaq-100 as European stocks edge up

European stocks rose on Thursday in the first opportunity to react to the latest Federal Reserve decision, with the big story being the selloff in bonds the central bank did nothing to quell. See full story.

Dow scores fastest 1,000-point move in history as it tops 33,000 milestone — here’s what drove it there

The Dow Jones Industrial Average closes above 33,000, marking its fastest-ever move through a 1,000-point milestone. But such moves are becoming increasingly less impressive as the numbers get larger. See full story.

A new law would require employees to save for retirement

Auto-enrollment may be just what Americans need to save more for retirement — but perhaps only if the government makes it a requirement. See full story.

This state has the least affordable housing market in the U.S. based on income — and it’s NOT California

There are only three states nationwide where more than half of the households could afford to buy a median-priced new home. See full story.

MARKETWATCH PERSONAL FINANCE

Regulations and reforms to protect investors aren’t working and need repair. See full story.