Bitcoin, Ethereum, XRP, Dogecoin Hold Firm as Treasury Yield Hits 24-Year High
Bitcoin is holding key support at $83,000, with analysts arguing that Treasury yields surging to a 24-year high have yet to derail crypto markets. Cryptocurrency Ticker Price Bitcoin (CRYPTO: BTC) $83,589 Ethereum (CRYPTO: ETH) $2,690 Solana (CRYPTO: SOL) $117.82 XRP (CRYPTO: XRP) $1.48 Dogecoin (CRYPTO: DOGE) $0.0932 Shiba Inu (CRYPTO: SHIB) $0.0 5 571 Notable Statistics: Coinglass data shows 80,621 traders were liquidated in the past 24 hours for $292.56 million. SoSoValue data shows net inflows of $31.07 million from spot Bitcoin ETFs on Monday. Spot Ethereum ETFs saw net inflows of $17.1 million. In the past 24 hours, top gainers include Bitway, Curve DAO and Aave. Notable Developments: XRP Compresses Around $1.50: What Does Technical Analysis Say? Bitcoin Plummeted After the Last 4 Midterm Elections: Will History Repeat? Bitcoin's Rally Breaks Analyst's Bear Thesis: What Happens Next? XRP or Solana: Which ETF Is Really Winning? The Answer Is 'Very Simple,' Bitwise CIO Says Bitcoin ETF Inflows Surge but ETH Still Outperforms: What Is Going On? Rising Bond Yields Stop Bitcoin's Rally. These 3 Indicators Signal It May Resume Soon Coinbase Wins CFTC Approval for Its Own Clearingho
Bitcoin is holding key support at $83,000, with analysts arguing that Treasury yields surging to a 24-year high have yet to derail crypto markets. 56 million. 07 million from spot Bitcoin ETFs on Monday. 1 million.
In the past 24 hours, top gainers include Bitway, Curve DAO and Aave. 50: What Does Technical Analysis Say? Bitcoin Plummeted After the Last 4 Midterm Elections: Will History Repeat? Bitcoin's Rally Breaks Analyst's Bear Thesis: What Happens Next?
XRP or Solana: Which ETF Is Really Winning? The Answer Is 'Very Simple,' Bitwise CIO Says Bitcoin ETF Inflows Surge but ETH Still Outperforms: What Is Going On? Rising Bond Yields Stop Bitcoin's Rally. These 3 Indicators Signal It May Resume Soon Coinbase Wins CFTC Approval for Its Own Clearinghouse Trader Notes: Scott Melker's interview with Andrew Parish, Tillman Holloway and Mark Yusko highlighted that ETFs, options and futures have transformed Bitcoin into an institutional yield opportunity, potentially changing traditional cycle dynamics.
Yusko argued rising Treasury yields aren't necessarily bearish for Bitcoin, saying global liquidity matters more than rates. Since late 2023, the 10-year Treasury yield has risen roughly 135 basis points while Bitcoin has approximately doubled. Yusko estimates Bitcoin's fair value at $104,000 to $105,000, leaving BTC undervalued in the $80,000s. Image: Shutterstock Read Also: Galaxy CEO Mike Novogratz Warns AI Could End Humanity