"Cryptocurrency Market Plunges Amidst Rate Hikes and ETF Volatility"

Bitcoin experienced a 6% drop in value over two days, reaching $65,150.00, due to rising Treasury yields and a stronger U.S. dollar. Ether also fell by 4.5% to $3,319.08. The 10-year U.S. Treasury yield hit its highest level of the year, and the dollar reached its highest level in almost five months. The drop in bitcoin price was possibly exacerbated by a large bitcoin holder transferring over 4,000 bitcoin to an exchange, signaling increased selling activity. Stocks tied to bitcoin's performance, including Coinbase and MicroStrategy, also saw declines. April may bring further volatility for crypto and related stocks, particularly mining stocks, as investors anticipate the bitcoin halving event in the second half of the month. Despite the recent drop, bitcoin is still up 53% for the year.