Bitcoin, XRP Rise After Another Slump — Why Cryptos Are Under Pressure

Bitcoin, XRP Rise After Another Slump — Why Cryptos Are Under Pressure
On October 23, major cryptocurrencies including Bitcoin and XRP posted modest gains: Bitcoin rose ~1.3% to around $109,409, while Ethereum gained ~1.2% to about $3,886 and XRP advanced ~1.3% to ~$2.42.
Analysts attribute the prior pressure to rising U.S. Treasury yields and a firmer dollar which weighed on risk-assets like crypto. The recovery is seen as a consolidation within a generally constructive year for digital assets.