Crypto Market Defies Rising Treasury Yields as Analysts See Opportunity

The cryptocurrency market has shown resilience in the face of rising Treasury yields, which have hit a 24-year high. Bitcoin is holding its ground at $83,000, despite some analysts' concerns that higher interest rates would derail crypto markets.

According to Coinglass data, 80,621 traders were liquidated in the past 24 hours for a total of $292.56 million.

Meanwhile, spot Bitcoin ETFs saw net inflows of $31.07 million on Monday, while Ethereum ETFs experienced net inflows of $17.1 million, according to SoSoValue data.

Mark Yusko, a prominent analyst, argued that rising Treasury yields aren't necessarily bearish for Bitcoin, as global liquidity matters more than rates. He estimated Bitcoin's fair value at $104,000 to $105,000, suggesting the current price of around $80,000 is undervalued.

Despite the stability in crypto markets, some assets have shown significant gains in the past 24 hours, including Bitway, Curve DAO, and Aave.