1355 ET - Treasury yields keep traveling higher, a symptom of the selling seen in bonds. This dynamic has many investors curbing the riskier investments that they make, which includes cryptocurrencies. That's why bitcoin can't manage to break out of where it's currently rangebound at, says analysts for Bitfinex in a note. America's mounting national debt is also a factor that is spooking traders, says the firm. The firm pegs its support target at $84,000, while resistance is expected to be within $87,000 and $90,000. Bitcoin falls 0.6% to $85,307, ethereum is down 0.2% to $2,700, XRP falls 0.8% to $1.49, and solana is down 1.2% to $119.81. Meanwhile, the 10-year Treasury yield is up 0.067 percentage points to 5.35%.
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