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Bitcoin, Ethereum, XRP, Dogecoin Slide up to 5% as Bond Yields Hit 24-Year Highs

Benzinga·10/07/2026 18:40:20
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Bitcoin broke below $84,000 support Wednesday as Treasury yields surged to 24-year highs.

Cryptocurrency Ticker Price
Bitcoin (CRYPTO: BTC) $83,332.93
Ethereum (CRYPTO: ETH) $2,558.02
Solana (CRYPTO: SOL) $116.70
XRP (CRYPTO: XRP) $1.42
Dogecoin (CRYPTO: DOGE) $0.0885
Shiba Inu (CRYPTO: SHIB) $0.055392

Notable 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:

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