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✅ 💲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.

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#CryptoMarketDip Dogecoin Falls 10%, Bonk and AI16Z See Steeper Losses as Crypto Market Dips Dogecoin is facing a tough day, having dropped almost 10% in the last 24 hours. The decline comes as the cryptocurrency market grapples with mixed U.S. economic data, causing a market-wide pullback. While Dogecoin remains the biggest loser among the top 10 cryptocurrencies, other meme coins are faring even worse. Bonk (BONK) and Dogwifhat (WIF), both based on Solana, have seen declines of around 11%, and AI-themed meme coin AI16Z has dropped nearly 15%.

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