Bitcoin's price surged to over $102,500 on Tuesday, fueled by optimism surrounding the new pro-cryptocurrency Congress, but quickly retraced as rising US Treasury yields dampened market enthusiasm. The Nasdaq Composite fell nearly 2% amid broader declines in tech stocks and cryptocurrencies, with Ethereum, Ripple, and Solana also experiencing significant drops. Analysts remain bullish on Bitcoin's long-term prospects despite the recent volatility.