Bitcoin Dips Below $84,000 and Ethereum Falls Under $2,635 as $545M Liquidated

The cryptocurrency market continued its downward trend on the 24th, with Bitcoin falling below $84,000 and Ethereum dropping under $2,700. The decline follows a surge in the U.S. 10-year Treasury yield to a 19-year high of 5.11% and stronger-than-expected September PMI data, which dampened expectations for Federal Reserve rate cuts and pressured risk assets. Over the past 24 hours, $545 million in positions were liquidated across the market, with long positions accounting for $447 million. Major assets including SOL and XRP also saw significant declines. Despite the pullback, the Fear and Greed Index remains in the 'Greed' zone at 71.