Cryptocurrency prices fell on Tuesday as U.S. Treasury yields rose 📉. Bitcoin, which had earlier surged above $102,500 on optimism surrounding the new pro-crypto Congress, pulled back again. Ethereum fell 8%, Ripple 6%, and Solana 10% in 24 hours.
Rising bond yields have pushed down risk assets, including cryptocurrencies. While analysts remain bullish on Bitcoin's long-term rally, short-term volatility continues to weigh on the market.