Bitcoin, Ethereum, XRP, Dogecoin Tumble as Treasury Yields Hit New Highs: Analyst Flags 'Phenomenal Entry Opportunity' in BTC
Leading cryptocurrencies tanked on Wednesday after the Federal Reserve’s hawkish meeting minutes drove Treasury yields higher. Cryptocurrency 24-Hour Gains +/- Price (Recorded at 9:26 p.m. EDT) Bitcoin (CRYPTO: BTC) -2.60% $83,174 Ethereum (CRYPTO: ETH) -4.20% $2,576.32 XRP (CRYPTO: XRP) -4.80% $1.42 Solana (CRYPTO: SOL) -3.20% $116.31 Dogecoin (CRYPTO: DOGE) -4.80% $0.08918 Crypto Market in Red Bitcoin sank below $83,000, while Ethereum lost its $2,600 support amid broader cryptocurrency sell-offs. Cryptocurrency-related stocks also fell, with Strategy Inc. (NASDAQ: MSTR ) and Bitmine Immersion Technologies Inc. (NYSE: BMNR ) closing down 6.79% and 5.90%, respectively. Cryptocurrency liquidations surged over $700 million over the last 24 hours, with $646 million in bullish long positions alone wiped out, according to Coinglass data. Bitcoin’s open interest dipped 1.60% over the last 24 hours. Binance derivatives traders, including both retail and whales, increased their long exposure to the apex cryptocurrency. Top Gainers (24 Hours) Cryptocurrency Gains +/- Price (Recorded at 9:26 p.m. EDT) Raydium (RAY) +12.70% $2.43 Bitway (BTW) +11.60% $1.36 NEAR Protocol (NEAR) +5.40% $5.37 R
Leading cryptocurrencies tanked on Wednesday after the Federal Reserve’s hawkish meeting minutes drove Treasury yields higher. m. 08918 Crypto Market in Red Bitcoin sank below $83,000, while Ethereum lost its $2,600 support amid broader cryptocurrency sell-offs. Cryptocurrency-related stocks also fell, with Strategy Inc.
(NASDAQ: MSTR ) and Bitmine Immersion Technologies Inc. 90%, respectively. Cryptocurrency liquidations surged over $700 million over the last 24 hours, with $646 million in bullish long positions alone wiped out, according to Coinglass data. 60% over the last 24 hours.
Binance derivatives traders, including both retail and whales, increased their long exposure to the apex cryptocurrency. m. 37 Read Also: Stocks Correct After Fed Signals Hawkish Outlook Stocks descended from record highs on Wednesday. 87.
77. 69. Minutes of the September meeting showed the Fed united on raising rates and leaning toward another hike by year-end. Traders currently assign only an 18% probability to a rate hike at the central bank’s October meeting, but more than a 66% probability to a hike at the December meeting, according to the CME FedWatch tool.
36%, its highest since April 2002. 73%. Bitcoin Bulls to Return? Ali Martinez, a widely followed cryptocurrency analyst and trader, noticed a “Buy Signal” on Bitcoin’s hourly chart at the $83,000 support level using the TD Sequential indicator.
“The correction over the past 24 hours was preceded by a sell signal from the same indicator,” Martinez said. ” The TD Sequential indicator is a technical analysis tool that helps traders identify potential price reversals and exhaustion patterns. Source: X Michaël van de Poppe, another popular cryptocurrency commentator, predicted a “larger form” of Bitcoin correction involving a downside sweep of long-side liquidity followed by a reversal. Phenomenal entry opportunity,” he added.
#Bitcoin looks to be that we're going to be seeing a larger form of correction. That means, we'll probably take the long side liquidity and reverse after that. Phenomenal entry opportunity. com/WezHPIOHxg — Michaël van de Poppe (@CryptoMichNL) October 7, 2026 Read Also: Bitcoin's Rally Ran on Thin Volume: Is a Cascade to $81,000 Next?
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