Bitcoin, Ethereum, XRP, Dogecoin Drop 5% On Rising Japanese Bond Yields

Benzinga

Bitcoin slid below $87,000 as rising Japanese bond yields hit risk assets, triggering over $637 million in liquidations. Analysts say rejection from key resistance could force BTC to reclaim the $88k–$89k zone to avoid revisiting November lows, while meme-coins dropped around 7%. Dogecoin broke long-term support, though some traders think it may ignite a new “Doge season.”

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00:00It's Benzinga, bringing Wall Street to Main Street.

00:02Bitcoin fell below $87,000 as rising Japanese bond yields pressured risk assets,

00:07triggering more than $637.55 million in liquidations over a 24-hour period,

00:13according to traders. Analyst Jell said Bitcoin was knocked back from major resistance after

00:18setting a monthly high, a pattern that often proceeds will revisit towards $90,300 before

00:23year-end if a high or low forms. Ted Pillow said rejection from the $92,000 to $93,000 supply zone

00:29caused an nearly $7,000 drop, and bulls need to reclaim $88,000 to $89,000 to avoid a retest

00:37November's lows. The Medecoin market fell about 7% to a roughly $11 million market cap.

00:43Trader Tardigrade said Dogecoin, or its long-term monthly support trendline,

00:48suggested the move could spark a renewed Doge season.

00:50For all things money, visit Benzinga.com.

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