#CryptoMarketDip

entire market is red today as expected , whenever Bitcoin coin reach milestone ,ot drops .

2 days back BTC was on 102,000 now it is hanging on 96k to 98k

All other coins like Binance was on 720, now it is hanging between 619 to 630

XRP , Doge, pepe , Eth all coins are in red

Here’s why Bitcoin, Ethereum, XRP, and other altcoins just crashed

Cryptocurrency prices retreated sharply on Tuesday, erasing some of the gains made on Monday as concerns about the bond market intensified.

The decline aligned with a risk-off sentiment that extended across other financial markets, particularly in equities. The Nasdaq 100 index dropped by more than 1% to $19,635, while the S&P 500 fell by 0.50%. These indices, heavily dominated by technology companies, tend to be more sensitive to risk sentiment.

The sell-off was likely driven by rising U.S. bond yields ahead of key economic reports, including the nonfarm payrolls data and Federal Reserve minutes. The 10-year bond yield rose by 1.7% to 4.70%, while the 30-year and 5-year yields climbed to 4.61% and 4.50%, respectively.

Rising bond yields typically signal expectations of a more hawkish stance from the Federal Reserve. At its December meeting, the Fed hinted at two interest rate cuts in 2025, fewer than previously anticipated. The minutes from that meeting, due on Wednesday, Jan. 8, will provide further insight into the Fed’s discussions.

Some analysts believe that the soaring bond yields could crash Bitcoin, altcoins, and other assets. In a recent note, Mark Zandi, Chief Economist at Moody’s, warned that the rising deficits under Donald Trump could push yields higher. That, in turn, would lead to a rotation from risky assets like crypto to money market funds.