Major U.S. indices closed in the red today as bond yields continued their upward march. The selling pressure hit crypto-related equities particularly hard—mining companies and blockchain-focused firms saw notable declines as investors rotated out of risk assets. Rising yields typically dampen appetite for speculative plays, and crypto stocks felt that squeeze acutely. Traditional tech shares also stumbled, but the digital asset sector bore the brunt of today's risk-off mood. It's a reminder that macro forces still drive crypto equity performance, even as the underlying tokens trade on their own rhythms.