Crypto
Crypto Pulls Back as Risk Appetite Cools
Bitcoin and major altcoins fell, while the total market cap dropped below $2.9T on the session.
Crypto traded lower across the board. Bitcoin fell 2.1% to 84,347.6, Ethereum dropped 2.4% to 2,687.4, Solana lost 2.7%, XRP slid 4.3%, BNB fell 2.5%, and Dogecoin sank 7.3%.
The total crypto market cap fell 4.9% to $2.9T. Bitcoin dominance stood at 58.8% and Ethereum dominance at 11.4%.
Even after the selloff, the largest tokens remain above their 50-day and 200-day averages. Bitcoin is still above both, as are Ethereum, Solana, XRP, and BNB.
CoinDesk headlines flagged a pullback in Bitcoin as bond yields rose, which matched the broader risk-off tone in equities and commodities.