Crypto market breadth remained stronger than that of the S&P 500, with 88 of the 100 largest cryptocurrencies, including Bitcoin and Ethereum, above their 200-day simple moving averages as of Wednesday. Source figures for the S&P 500 differed, with 257 constituents below the measure in one account and 243 stocks above it in another. Bitcoin and Ethereum gained 40% and 66%, respectively, over three months, while total crypto market capitalization rose more than 30%, according to Bull Theory. Bitcoin reached $87,363 on Monday before rising 10-year Treasury yields contributed to a 2.8% decline, leaving it trading around $83,850 after breaking above its May local high. Into The Cryptoverse founder Benjamin Cowen acknowledged his bearish call was wrong and said the weekly close will determine whether the breakout holds or becomes a false move.