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Bitcoin and ethereum fall as U.S. Treasury yields rise
Bitcoin spot ETFs saw $225 million in net outflows on Thursday, extending a shift after a week of net inflows.
Bitcoin fell on Friday, July 24, 2026, tracking broader crypto weakness as U.S. Treasury yields rose, with the higher rate backdrop increasing the opportunity cost of holding non interest bearing assets, according to Yahoo Finance. Bitcoin opened at $65,047.87 and traded down to $64,304.50 by 9:13 a.m. ET, 1.6% lower than Thursday's opening price.
Ethereum also declined as yields climbed, opening at $1,876.92 and falling to $1,860.78 by 9:14 a.m. ET, down 2.9% from Thursday's opening price, the outlet said. Yahoo Finance noted that ethereum, like bitcoin, does not pay interest, though staking can generate rewards.
The move coincided with flows out of bitcoin spot ETFs, which recorded $225 million in net outflows on Thursday, according to CoinGlass data cited by Yahoo Finance. The Thursday session broke a weeklong streak that had accumulated roughly $999 million in net inflows.
Higher oil prices and newly announced tariff policies raised inflation expectations, lifting Treasury yields and pulling institutional capital toward lower risk assets, the outlet said. The shift weighed on risk assets including crypto, as investors adjusted to the higher rate environment.
Latest closeBitcoin $63,925.97 ▼1.7%|Ethereum $1,848.24 ▼1.5%