-+ 0.00%
-+ 0.00%
-+ 0.00%
Bitcoin Slips Below $85,000 as Ethereum, XRP, Dogecoin Fall With Treasury Yields at 19-Year Highs
Share
Listen to the news

Bitcoin traded below $85,000 after failing to break $87,000 resistance, despite significant spot ETF inflows. The 10-year Treasury yield surged to its highest level since 2007 and traders now pricing in a nearly 60% chance of another 25-basis-point rate hike next month.

Cryptocurrency Ticker Price
Bitcoin (CRYPTO: BTC) $84,228.99
Ethereum (CRYPTO: ETH) $2,664.67
Solana (CRYPTO: SOL) $114.18
XRP (CRYPTO: XRP) $1.49
Dogecoin (CRYPTO: DOGE) $0.09206
Shiba Inu (CRYPTO: SHIB) $0.055602

Notable Statistics:

  • Coinglass data shows 132,639 traders were liquidated in the past 24 hours for $582.90 million.       
  • SoSoValue data shows net inflows of $714.8 million from spot Bitcoin ETFs on Tuesday. Spot Ethereum ETFs saw net inflows of $162.3 million.
  • In the past 24 hours, top gainers include XRP, Hyperliquid and Pepe.

Notable Developments:

Trader Notes:

Trader KillaXBT said Bitcoin’s new range is still forming, with $80,000-$95,000 a likely zone. He would be surprised by $100,000 this year, but sees pullbacks limited to roughly 10%-15% on the broader move toward $126,000.

Daan Crypto Trades highlighted $83,000-$84,000 as the key line for bullish momentum. The leverage-driven retest offers bulls a chance to defend the breakout.

A sustained move below $83,000 would signal weakness and warrant more caution into month-end.

Michael van de Poppe noted that Bitcoin’s latest liquidity sweep could mark the end of the correction, but a second leg toward $81,000 remains equally possible. Either way, he favors buying dips, particularly in altcoins.

Image: Shutterstock

Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.
What's Trending