Bitcoin fell to $85,595 on Tuesday, down 0.82%, after failing to break above $87,000. A stronger dollar and rising Treasury yields weighed on risk assets. Ethereum traded at $2,708, down 0.62%.
Why it matters
The move puts macro pressure back in focus for crypto markets. The dollar and Treasury yields can weigh on demand for risk-sensitive assets, even as the Fear & Greed Index remained at 73, signaling greed.
Market impact
The crypto market capitalization stood at $3.01 trillion, with Bitcoin dominance at 57.1% and the Altcoin Index at 63/100. The overview also listed sharp gains among smaller tokens, including iExec RLC, up 138.6%, and Radworks, up 46.8%.
Source: [source](http://telegraph.controller.bot/files/8336652911/AgACAgIAAxkBAAJT2GrEq77NPPHQ8CFndaN6063W0Kg5AALfG2sb_L8pSoQ0YD2bSMTCAQADAgADeQADPQQ?sig=9qMYUgGezHJj77xZcVby5jtQIf7jbQ6NURKQzPcWfy8)
Frequently asked questions
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What factors weighed on Bitcoin after it failed to clear $87,000?
A stronger dollar and rising Treasury yields pressured risk assets as Bitcoin fell to $85,595.
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How did Ethereum perform in the market overview?
Ethereum traded at $2,708, down 0.62%.
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What did the Fear & Greed Index indicate?
The index was at 73, a reading in greed territory.
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How large was the crypto market capitalization?
The market capitalization stood at $3.01 trillion, and Bitcoin dominance was 57.1%.
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Which small-cap token recorded the largest listed gain?
iExec RLC posted the largest listed gain, rising 138.6%. Radworks was next, up 46.8%.
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