Bitcoin Slips to $84,500 as Oil Rebound and Treasury Yields Weigh on Crypto
- —Bitcoin at $84,500, about 3.3% below its local high of $87,374
- —XRP retreated from $1.60 to $1.52, roughly 5% below resistance
- —Total crypto market cap fell below $2.9 trillion
- —30-year US Treasury yield above 5.37%, highest daily settlement since 2004
Why it matters: Higher oil and Treasury yields reduce appetite for risk assets; if the pressure persists, the rally could give way to a deeper correction.
Source: Coindoo