1229 GMT - Ether falls to a two-and-a-half week low as surging long-term Treasury yields damp risk appetite. "With Treasury yields still elevated and bitcoin struggling to decisively break higher, investors have become more selective across crypto, and ether remains especially sensitive to shifts in liquidity because it tends to trade as a [more highly risk sensitive] digital asset," Zaye Capital Markets analyst Naeem Aslam says in a note. Meanwhile, institutional demand is weaker with U.S. spot ether exchange traded funds recently recording outflows, he says. Ether falls 4.4% to as low as $2,572, LSEG data show.
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