Bitcoin Crashes: Why Is the Crypto Market Down Today?

Bitcoin has not opened Tuesday on a positive note. BTC is down roughly 1.3% over the past 24 hours and has slipped back below $82,000, trading around $81,600. The weakness is not isolated to Bitcoin either. Ethereum is down about 1.5%, XRP nearly 1%, Solana 1.3%, Hyperliquid 1.7% and Zcash more than 2% in the latest market snapshot. The broader picture is still risk-off, but there is no single crypto-specific event that explains today’s decline. Rising Treasury yields, weak speculative conviction and continued uncertainty around institutional positioning appear to be combining into another difficult session. Why Is Crypto Market Crashing?

Source: CaptainAltcoin