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Why crypto prices are down today amid global market pressure
Cryptocurrency prices fell as rising yields, macro uncertainty and profit booking weighed on investor sentiment.
Cryptocurrency prices declined today as investors reacted to rising bond yields, cautious global risk sentiment and profit booking after recent rallies. Bitcoin, Ethereum and other major tokens faced selling pressure amid uncertainty around interest rate policy and macroeconomic data. Stronger dollar movements and equity market volatility also weighed on crypto assets, prompting short term traders to reduce exposure and lock in gains.