Bitcoin Drops Below $85K as US Treasury Yields Hit 19-Year High

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

Crypto Ticker Prices

Bitcoin $84,228.99

Ethereum $2,664.67

Solana $114.18

XRP $1.49

Dogecoin $0.09206

Shiba Inu $0.055602

Notable Statistics:

Coinglass data shows 132,639 traders were liquidated over the past 24 hours, totaling $582.9 million.

SoSoValue data shows spot Bitcoin ETFs saw net inflows of $714.8 million on Tuesday. Spot Ethereum ETFs recorded net inflows of $162.3 million.

Top gainers over the past 24 hours include XRP, Hyperliquid, and Pepe.

Notable Developments:

Bitcoin analyst admits his rate-hike argument is "not based on data"

Analyst says XRP could repeat its 2016 pattern and surge 50x: "The charts don't lie"

Kalshi denies fake trading allegations after report flagged abnormal activity in Ethereum perpetual futures market

Analyst says this cycle may deliver "3-5x rather than another 10x" returns for Bitcoin

Bitcoin, Ethereum, XRP slide as $18 billion in options expire: What happened?

Tesla's Bitcoin holdings near $1 billion as short squeeze fuels rally

CFTC Chairman Selig hints at "mass tokenization," Raoul Pal says everything can be tokenized

Bitcoin could retest $60,000 lows before hitting $100,000, Mark Yusko says "everyone should own it"

Trump strategy stock trades draw attention as MSTR surges 83%

Dogecoin up 18% in a week with ETF inflows—what's next?

Trader Views:

Trader KillaXBT says Bitcoin's new range is still forming, with $80,000-$95,000 a possible band. He is surprised by the $100,000 print this year but sees pullbacks limited to roughly 10%-15% within the larger trend toward $126,000.

Daan Crypto Trades highlights $83,000-$84,000 as the key line for maintaining bullish momentum. This leverage-driven retest gives longs a chance to defend the breakout.

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

Michael van de Poppe notes Bitcoin's latest liquidity sweep may mark the end of the pullback, but a second leg down to $81,000 is equally possible. Either way, he leans toward buying dips, especially in altcoins.