✅ 💲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.

Bitcoin btc-5.7%Bitcoin dropped by 4%, reaching an intraday low of $97,700. Similarly, Ethereum (ETH), $Ripple

 xrp-5.3%XRP, and Solana sol-8.65%Solana fell by over 5%.

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.

Popular tech stocks were also affected. NVIDIA shares plunged by 5.4%, wiping out over $175 billion in market value. Tesla shares dropped by 3%, while Super Micro Computer declined by 1.5%.

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.