Bitcoin fell below $84,000 on Thursday as rising U.S. Treasury yields pressured risk assets. The market snapshot listed Bitcoin at $84,385, down 2.05%, and Ethereum at $2,687, down 2.03%.
Why it matters
Higher Treasury yields can weigh on risk assets by making safer returns more attractive. The declines came even as the Fear & Greed Index registered 71, or Greed, showing that the reported sentiment gauge remained positive amid the price pressure.
Market impact
Total crypto market capitalization stood at $2.96 trillion, with Bitcoin dominance at 57.2% and the Altcoin Index at 50/100. Small-cap gainers diverged sharply: Aleo rose 87%, Electroneum gained 83.2%, and Gno.land advanced 49%.
The funding roundup listed Infinifi's $3 million seed round led by Electric Capital, a Crest M&A round backed by Citrea, and a $60 million North capital M&A round backed by MoonPay. The contrast between falling major assets and sharp small-cap gains points to uneven market performance, not a broad-based rally.
Source: [source](http://telegraph.controller.bot/files/8336652911/AgACAgIAAxkBAAJRjGq03zdJ3FYWTUVE9xV7LjL9fNnAAALWIWsbp4eoSfwpvrIsncLiAQADAgADeQADPQQ)
Frequently asked questions
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What was behind the reported Bitcoin and Ethereum declines?
Rising U.S. Treasury yields pressured risk assets as Bitcoin fell 2.05% and Ethereum fell 2.03%.
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How did market sentiment compare with major-asset prices?
The Fear & Greed Index was 71, labeled Greed, even as Bitcoin and Ethereum declined.
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What were Bitcoin dominance and the Altcoin Index?
Bitcoin dominance stood at 57.2%, while the Altcoin Index was 50/100.
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Which small-cap assets posted the largest gains in the roundup?
Aleo gained 87%, Electroneum rose 83.2%, and Gno.land advanced 49%.
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What funding and M&A activity was listed?
Infinifi raised a $3 million seed round led by Electric Capital. The roundup also listed a Crest M&A round backed by Citrea and a $60 million North capital M&A round backed by MoonPay.
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