Bitcoin briefly approached the $100,000 mark before falling to around $95,000 as Asian markets opened. It is currently trading at $95,300, down 3.1% in the past 24 hours. The broader crypto market has also seen losses, with coins like ETH, SOL, XRP, ADA, and AVAX experiencing declines of 4%-7%. The decline in crypto prices may be influenced by rising interest rates, as the 10-year Treasury yield reaches its 2024 high. Macro researcher Jim Bianco warns that if the Federal Reserve continues to discuss rate cuts in 2025, bond yields will rise further, potentially causing market disruptions and inflation.



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