Bitcoin, Ethereum, XRP and Dogecoin hold firm as Treasury yields hit 24-year high

Bitcoin, Ethereum, XRP and Dogecoin held firm as Treasury yields reached a 24-year high. Bitcoin held support at $83,000. Analysts argued that rising yields had not derailed crypto markets. Coinglass data shows 80,621 traders were liquidated for $292.56 million in the past 24 hours. SoSoValue data shows $31.07 million in net inflows to spot Bitcoin ETFs on Monday. Spot Ethereum ETFs had $17.1 million in net inflows. Mark Yusko argued that rising Treasury yields are not necessarily bearish for Bitcoin because global liquidity matters more than rates. Since late 2023, the 10-year Treasury yield has risen roughly 135 basis points. Bitcoin has approximately doubled over that period. Yusko estimated Bitcoin's fair value at $104,000 to $105,000 and considered it undervalued in the $80,000s.