Bitcoin holds $83,000 as ZEC drops 12% and oil climbs again
Bitcoin slipped under 1% to just above $83,100 as of Tuesday Asian morning hours, testing the floor of last week's range, after the 10-year Treasury yield touched its highest level since 2007. ZEC fell 12% to about $1,380, the steepest drop among major tokens, CoinDesk data show. SOL and HYPE each lost between 3% and 4%, DOGE fell 3% and BNB 2%, while XRP dropped nearly 2%. Ether and TRX were flat. Among smaller tokens, The Graph's GRT jumped 18% and Immutable's IMX nearly 10%, according to FxPro, while UNI and BCH each fell about 10% and DASH lost 7%. Total crypto market value sat near $2.86 trillion. A widely watched crypto sentiment index stood at 74 out of 100 on Monday, just short of the "extreme greed" zone, a metric that brokerage FxPro contrasted with the fear that has gripped the stock market for the past 20 days.
The 10-year Treasury yield hit its highest since 2007, which typically pressures risk assets through tighter liquidity and higher discount rates. BTC slipped slightly and most majors fell, but GRT and IMX rallied, showing capital rotation rather than a unified selloff. With crypto sentiment still near greed while equities show fear, the signal is mixed: yield-driven headwinds for majors exist, but selective speculative demand persists. Short-term neutral (weak).