Bitcoin dropped to $76,705, down 1.70% on the day, as rising Treasury yields and oil prices continued to drain risk appetite across crypto markets. Ethereum fell harder, shedding 3.18% to $2,113. Total crypto market cap sits at $2.63 trillion, with BTC dominance at 58.4% — a sign capital is consolidating into the majors rather than rotating into alts.
The macro pressure translated directly into forced selling: more than $674 million in liquidations were recorded over the past 24 hours, a figure that reflects leveraged longs caught offside as yields climbed. The Fear & Greed Index reads 28 (Fear), and the Altcoin Index sits at 28/100, confirming broad-based risk-off positioning.
On the news front, the CLARITY Act cleared the Senate Banking Committee — a structural positive for crypto regulation — while Grayscale and VanEck both amended their US spot BNB ETF filings. On the negative…
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