Bitcoin, Ethereum, XRP, Dogecoin Slide up to 5% as Bond Yields Hit 24-Year Highs
Bitcoin broke below $84,000 support Wednesday as .CryptocurrencyTickerPriceBitcoin$83,332.93Ethereum$2,558.02Solana$116.70XRP$1.42Dogecoin$0.0885Shiba Inu$0.055392Notable 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:Bitcoin Plunges to $83,500, ETH, XRP Lose Over 3%: What Is Going On?PENGU, DOGE, SHIB Plunge 7% as Pudgy Penguins’ Parent Exits BlockchainEric 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