Blockonomi
Bitcoin (BTC) Dips Below $84K As Ethereum, XRP, and Solana Follow Downward Trend
xCruzo Brief
Bitcoin slipped below $84,000 on Monday, dropping 1.7% to $83,061 and ending a two-week winning run as macro pressures hit risk assets. The broader selloff coincided with a surge in U.S. Treasury yields: the 10-year benchmark moved above 5% for the first time since 2007. The article also links the move to elevated geopolitical friction between the U.S. and Iran. It cites President Trump leaving room for additional military operations against Iran ahead of the November midterm elections, and notes a seven-day ceasefire proposal involving the Strait of Hormuz was rejected by the White House. Major altcoins—Ether, XRP, Solana and Cardano—followed the same downward momentum.
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