Top Cryptocurrencies Decline; Bitcoin Hovers Around $60,000 Level

MT Newswires Live06-29 04:10

Most major digital assets declined on Friday, with bitcoin (BTC-USD) hovering around the $60,000 level.

The CoinDesk Market Index, which tracks 192 digital assets, was down 2.4% in the past 24 hours. The Nasdaq 100 lost 0.7%, the S&P 500 declined 0.4% and the Dow Jones Industrial Average eased 0.1%.

Bitcoin (BTC-USD), the largest cryptocurrency by market value, was 2% lower in the past 24 hours at $60,102, according to CoinMarketCap data. Trading volume increased 12.7% to $24.56 billion.

The most popular cryptocurrency is on pace to conclude the week with a loss of nearly 7%.

Ethereum (ETH-USD), the second-largest digital asset, dipped 2% to $3,377 and headed for a weekly loss of nearly 5%.

BNB (BNB-USD), the third-largest digital asset by market value excluding stablecoins, dropped 1.6%, while Solana (SOL-USD), the fourth-largest, slumped 5%

XRP (XRP-USD) was flat, Dogecoin (DOGE-USD) fell 1%, and Cardano (ADA-USD) gained 0.6%.

The total market value of the cryptocurrency industry dropped 1.7% in the past 24 hours to $2.25 trillion. Trading volume was fractionally higher at $61.61 billion.

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