Bitcoin Resists Rising Treasury Yields as Crypto Markets Hold Firm

Crypto markets are holding firm despite Treasury yields surging to a 24-year high. Bitcoin, Ethereum, XRP, and Dogecoin have all maintained their prices, with analysts arguing that rising yields haven't yet derailed crypto markets.

According to Coinglass data, 80,621 traders were liquidated in the past 24 hours for $292.56 million. Meanwhile, SoSoValue reports net inflows of $31.07 million from spot Bitcoin ETFs on Monday and $17.1 million from spot Ethereum ETFs.

Analyst Mark Yusko argues that global liquidity matters more than Treasury yields when it comes to Bitcoin's price performance. He estimates Bitcoin's fair value at $104,000 to $105,000, suggesting the current price of around $83,589 is undervalued.