Bitcoin and Ethereum Prices Drop Amid Rising U.S. Treasury Yields
On Friday, July 24, 2026, Bitcoin (BTC-USD) opened at $65,047.87 but fell to $64,304.50 by mid-morning, a decline of 1.6% from the previous day's opening price. Ethereum (ETH-USD) also dropped, falling to $1,860.78 after an initial open at $1,876.92—a decrease of 2.9%. The downturn followed net outflows of $225 million in Bitcoin spot ETFs on Thursday, ending a weeklong streak of inflows totaling nearly $1 billion. The decline was attributed to rising U.S. Treasury yields driven by higher oil prices and new tariff policies that increased inflation expectations. Institutional investors shifted capital toward safer assets as the lack of interest-bearing features in both cryptocurrencies made them less attractive during periods of high rates. Bitcoin's all-time high remains at $126,198.07 from October 6, 2025, while Ethereum’s peak was recorded on August 24, 2025, at $4,953.73. Separately, the Federal Housing Finance Agency (FHFA) signaled a potential shift in how cryptocurrency could be used for home purchases by instructing Fannie Mae and Freddie Mac to prepare systems that recognize crypto as an asset for mortgage qualification.
Topics: Bitcoin ETF outflows Ethereum Treasury yields