XRP led the losses among the majors, down nearly 4% to about $1.42. DOGE slid 3% to just under 9 cents and ether lost 3% to about $2,570. HYPE and SOL each fell more than 2%, and ZEC slipped less than 1%. BNB and TRX were the only gainers, each up less than 1%, according to CoinDesk data
The drop takes bitcoin below $83,000, the recent low that FxPro said on Tuesday would confirm sellers had taken control. The firm said a break there could send bitcoin to $80,000 "fairly quickly."
It comes a day after about $550 million in leveraged crypto bets were wiped out, mostly from traders betting on higher prices, according to CoinGlass data
Brent rose 2% to above $102 a barrel. Besides the Iran report, a storm shut some U.S. oil output, and Iran-backed Houthi rebels struck two airports in Saudi Arabia, killing three people. The jump in crude pushed the 10-year Treasury yield up two basis points to 5.31%
Stocks pulled back from their records. Wall Street benchmarks slipped Wednesday, a day after closing at all-time highs, and Asian shares followed with a 1% decline. MSCI's All Country World Index fell 0.2% and is now further from the record it came within 1.5% of earlier this week
Bitcoin's last two losing days both came as oil climbed and yields rose. A drop in Brent back below $100, where it traded on Tuesday, would take that pressure off
Diversified RWA stablecoins sustain 5-7% yield from real credit as crypto funding compresses to ~4%. GENIUS pushes yield off-chain; TAM grows to $4B in 3 years
Diversified RWA stablecoins sustain 5-7% yield from real credit as crypto funding compresses to ~4%. GENIUS pushes yield off-chain; TAM grows to $4B in 3 years
