​The cryptocurrency market came under renewed pressure on Monday. Bitcoin dropped below the $77,000 level, while Ethereum recorded an even steeper decline. The sell-off was driven by rising oil prices and higher U.S. Treasury yields, which increased caution among investors and weighed on risk assets.
Highlights
- Bitcoin fell below $77,000, currently trading near $76,886 (−1.6% in 24 hours).
- Ethereum dropped to $2,118 (−3.1% daily).
- The Crypto Fear & Greed Index stands at 28 (deep fear zone, still declining).
- Primary drivers: rising oil prices and higher Treasury yields amid sticky inflation expectations.
Market snapshot
As of Monday morning in Asia, Bitcoin (BTC) was trading around $76,886, down…
