Bitcoin, Ethereum, XRP and Dogecoin fall as yields rise
Leading cryptocurrencies declined on Wednesday as Treasury yields spiked and tensions between the U.S. and Iran intensified. Bitcoin fell to $78,246.01, while Dogecoin and Solana also posted losses.
S. and Iran. m. 08593 Crypto Market in Red Bitcoin struggled to break over $80,000 as the coin’s trading volume dived 13% over the last 24 hours.
Ethereum wobbled within the $2,440-$2,522 range, while XRP and Dogecoin recorded sharp declines. Cryptocurrency-related stocks also fell, with Strategy Inc. (NASDAQ: MSTR ) and Bitmine Immersion Technologies Inc. 26%, respectively.
Nearly $390 million was liquidated from the cryptocurrency market in the last 24 hours, predominantly in bullish long positions, according to Coinglass data. 44% over the last 24 hours. Interestingly, Binance derivatives traders with open BTC positions remained net long, although the long exposure declined. m.
43% in the last 24 hours. Read Also: Arthur Hayes: Bitcoin Is the 'Fastest Horse' During 'Central Bank Money Printing' Stocks Extend Losses The stock market inched lower on Wednesday. 66. 34.
The 10-year Treasury yields jumped to a 3-year high even as the Treasury Department tripled its buyback operation of longer-dated government bonds to $6 billion. Meanwhile, Brent crude surged above $100 per barrel following military exchanges in the Middle East. What Are Bitcoin Whales Upto? Leading chartist and on-chain researcher Ali Martinez noted that Bitcoin whale holdings have stayed flat over the past week.
“That suggests large holders are staying on the sidelines as they await the upcoming CPI report and FOMC meeting before making their next move,” the analyst stated. BITCOIN WHALES ARE WAITING! 23 million $BTC over the past week. That suggests large holders are staying on the sidelines as they await the upcoming CPI report and FOMC meeting before making their next move.
com/SvJGBeybnt — Ali Charts (@alicharts) September 9, 2026 Michaël van de Poppe, a widely followed cryptocurrency analyst and trader, viewed Bitcoin’s recent movement as a weak bounce and remained skeptical of any near-term upside. “If this doesn’t hold $78,000, this can be one of those hard sweeps on the markets as I’d be willing to be buying anything around $74,000 for Bitcoin,” he added. To be honest, I don't think that we'll continue to be run upwards (for now). Quite a weak bounce, and we still need to hold $78,000 to continue going up.
com/IQdtNtPRFY — Michaël van de Poppe (@CryptoMichNL) September 9, 2026 Read Also: Bitcoin Holds $79,000, Defying Fed Hike Fears: What Is Going On? Photo: KateStock / Shutterstock