Crypto Markets Hold Steady Despite Rising Bond Yields

Crypto markets held steady on Tuesday despite rising government bond yields weighing on stock markets. Bitcoin maintained support in the mid-$82,000 region as bulls attempted a break above $85,000.

Ethereum oscillated between $2,650 and $2,740, while XRP and Dogecoin inched higher.

Cryptocurrency-related stocks fell, with Strategy Inc. (NASDAQ:MSTR) and Bitmine Immersion Technologies Inc. (NYSE:BMNR) closing down 1.57% and 0.41%, respectively.

A total of $220 million in crypto positions were liquidated over the past 24 hours, with long traders suffering most of the losses, according to Coinglass data.