Bitcoin, Ethereum, Dogecoin Crash On Rising Treasury Yields — Analyst Says Apex Coin Could Fall Below $17,600 If This Happens

Major coins dropped sharply Tuesday evening as the global cryptocurrency market cap declined 4.2% to $948 billion at 8:30 p.m. EDT. Price Performance Of Major Coins Coin 24-hour 7-day Price Bitcoin (CRYPTO: BTC) -4.8% -5.15% $18,868.66 Ethereum (CRYPTO: ETH) -3.4% 1.8% $1,566.63 Dogecoin (CRYPTO: DOGE) -6.65% -4.9% $0.06 Top 24-Hour Gainers (Data via CoinMarketCap) Cryptocurrency 24-Hour % Change (+/-) Price TerraClassicUSD (USTC) +11.1% $0.41 UNUS SED LEO (LEO) +1.6% $5.16 Binance USD (BUSD) +0.01% ​​$1 See Also: Best USDC Interest Rates Why It Matters: Risk assets, including cryptocurrencies, were under pressure on Tuesday after a slew of positive financial data sent U.S. Treasury yields soaring.