Major cryptocurrencies, including Bitcoin, are showing weakness across the board in the virtual asset market. In particular, Ripple (XRP) and Dogecoin (DOGE) saw their declines widen with drops in the 3% range.

■ Major Coin Prices: Bitcoin at $84,571

As of 4:58 p.m. on the 3rd, Korean time, Bitcoin (BTC) was trading at $84,571.87 according to CoinMarketCap, down 1.76% over 24 hours and moving below the $85,000 mark.

Ethereum (ETH) fell 2.01% from 24 hours earlier to $2,682.04. Ripple (XRP) dropped 3.21% to $1.481, and Solana (SOL) declined 1.74% to $119.40. Dogecoin (DOGE) fell 3.79% to $0.0927, recording a relatively large decline among major coins.

Compared with prices earlier in the morning, the market mood has grown somewhat heavier. According to local reports citing CoinMarketCap, at around 10:30 a.m., Bitcoin was at $84,602.69, Ethereum at $2,678.05, and XRP at around $1.49. Major coins were mostly weak at that time as well.

■ Treasury Yields and Monetary Policy Are Variables... Key Short-Term Watch Points

The virtual asset market has recently been reacting sensitively to U.S. Treasury yields and monetary policy outlooks. Bitcoin previously traded above $85,000 following the release of U.S. inflation data, but gave back its gains as high Treasury yields persisted.

Whether Bitcoin can recover the $85,000 level will be a key short-term watch point. Attention is also focused on whether altcoins with relatively large declines, such as Ripple and Dogecoin, can limit further losses and stage a rebound.

[As virtual assets are highly volatile, caution is needed when making investment decisions based solely on short-term price movements.]