Bitcoin Slips Below $85,000 as Ethereum, XRP, Dogecoin Fall With Treasury Yields at 19-Year Highs

Near-term bias: bearish for crypto, but not unambiguous. The key pressure is the jump in Treasury yields and rising expectations of another rate hike: higher yields can make speculative, non-yielding assets less attractive and tighten financial conditions. The failed attempt to clear $87,000 resistance adds to the risk that macro-driven selling could outweigh current demand.

The reported $714.8 million in Tuesday spot-Bitcoin ETF inflows—and $162.3 million into spot-Ethereum ETFs—are a meaningful counterpoint, but they have not yet translated into enough buying to overcome that pressure. Meanwhile, $582.9 million in liquidations over 24 hours suggests leverage may be amplifying price swings; continued forced unwinds could deepen a pullback, while fading liquidations alongside persistent inflows would improve the case for stabilization.

For XRPUSD, the immediate read is mixed: broad crypto weakness and tighter-rate expectations are headwinds, but XRP’s direction may diverge from Bitcoin’s, so monitor whether it follows the market or shows relative resilience. The next catalysts are Treasury-yield and rate-expectation moves, ETF-flow persistence, and whether Bitcoin holds the $83,000–$84,000 area highlighted in the report; a sustained break below it would weaken the near-term market setup.