Crypto Market Falls 3.15% to $2.83T as US Bond Yields Surge
- —Bitcoin trades near $83,400, down 2.5% in 24 hours
- —XRP fell 6% to $1.47; Solana slipped 3% to $113
- —30-year US Treasury yield reached 5.402%, a 22-year high
- —About $454 million in long positions were liquidated in 24 hours
Why it matters: Rising bond yields and long liquidations are weighing on crypto; Bitcoin's key test is holding above $83,000.
Source: CoinGape