Bitcoin, Ethereum, XRP, Dogecoin Slide up to 5% as Bond Yields Hit 24-Year Highs
Bitcoin broke below $84,000 support Wednesday as Treasury yields surged to 24-year highs. Cryptocurrency Ticker Price Bitcoin (CRYPTO: BTC) $83,332.93 Ethereum (CRYPTO: ETH) $2,558.02 Solana (CRYPTO: SOL) $116.70 XRP (CRYPTO: XRP) $1.42 Dogecoin (CRYPTO: DOGE) $0.0885 Shiba Inu (CRYPTO: SHIB) $0.0 5 5392 Notable Statistics: Coinglass data shows 124,815 traders were liquidated in the past 24 hours for $716.71 million. SoSoValue data shows net inflows of $118.9 million from spot Bitcoin ETFs on Tuesday. Spot Ethereum ETFs saw net outflows of $201.9 million. In the past 24 hours, top gainers include Raydium, Bitway and Figure Heloc. Notable Developments: XRP Plummets 4% to $1.43: What is Going On? Bitcoin Analyst Who Sold the Top Is Bearish Again: 'I'm Building Shorts' Bitcoin's Rally Ran on Thin Volume: Is a Cascade to $81,000 Next? Robinhood Joins Strategy, Tesla In Holding Bitcoin, Exec Says: 'We Care Deeply About Bitcoin' Bitcoin Plunges to $83,500, ETH, XRP Lose Over 3%: What Is Going On? PENGU, DOGE, SHIB Plunge 7% as Pudgy Penguins' Parent Exits Blockchain Eric Trump Says Crypto Can 'Declare Victory' Over Banks: Is He Right? Tom Lee Says Bitmine Will 'Stop' Buying ETH—BMNR Fall
Bitcoin broke below $84,000 support Wednesday as Treasury yields surged to 24-year highs. 71 million. 9 million from spot Bitcoin ETFs on Tuesday. 9 million.
In the past 24 hours, top gainers include Raydium, Bitway and Figure Heloc. 43: What is Going On? Bitcoin Analyst Who Sold the Top Is Bearish Again: 'I'm Building Shorts' Bitcoin's Rally Ran on Thin Volume: Is a Cascade to $81,000 Next? Robinhood Joins Strategy, Tesla In Holding Bitcoin, Exec Says: 'We Care Deeply About Bitcoin' Bitcoin Plunges to $83,500, ETH, XRP Lose Over 3%: What Is Going On?
PENGU, DOGE, SHIB Plunge 7% as Pudgy Penguins' Parent Exits Blockchain Eric Trump Says Crypto Can 'Declare Victory' Over Banks: Is He Right? Tom Lee Says Bitmine Will 'Stop' Buying ETH—BMNR Falls 6% Trader Notes: Heavily followed key opinion leader Scott Melker said in an interview with industry expert Noelle Acheson that a surging 10-year yield and oil above $100 act as major macro headwinds weighing on Bitcoin. The bullish macro thesis is that worsening Treasury-market stress eventually forces liquidity intervention, which could become the next major catalyst for Bitcoin. Image: Shutterstock