Bitcoin Defies Wall Street Turmoil with Overnight Gains

Despite surging bond yields and crude oil prices, Bitcoin remains steady, holding onto overnight gains of nearly 1%.

The crypto market capitalization has added 0.4% overnight, with the resumption of inflows to U.S.-listed Bitcoin Spot ETF products supporting sentiment.

Thirty-year sovereign bond yields in the U.S. touched a high of 5.335%, impacting Wall Street sentiment, but have since retreated to 5.298%.

Crypto liquidations increased to $207 million from $162 million a day earlier, with long positions experiencing more significant losses than short positions.