Rising Yields Dampen Crypto Bounce as Dollar Strengthens
Crypto markets took a hit on Thursday as rising yields and a strengthening dollar weighed on prices.
Bitcoin, the largest cryptocurrency, slipped by as much as 1.6% to $82,882 after climbing above $87,000 earlier in the week.
Ether, the second-largest token, dropped to around $2,628, while smaller coins such as XRP, Solana, and Zcash also fell.