Top Cryptocurrencies Fall; Bitcoin Drops Below $70,000

MT Newswires Live03:56

Most major digital assets fell late Friday with bitcoin (BTC-USD) dropping below $70,000.

The CoinDesk Market Index, which tracks 126 digital assets, decline 1.6% in the past 24 hours. US stock indexes rose with the Nasdaq up 0.8%, the S&P 500 climbing 0.4%, and the Dow Jones Industrial Average advancing 0.6%.

Bitcoin fell 1.9% to $69,120 with a 24-hour trading volume of $52.1 billion, up 25%, according to CoinMarketCap data. The most popular cryptocurrency was on track for a weekly gain of more than 3%.

Ethereum (ETH-USD), the second-largest digital asset, dropped 0.6% to $2,510, paring the weekly gain to around 1%.

BNB (BNB-USD), the third-largest digital asset by market value excluding stablecoins, declined 0.6%, while Solana (SOL-USD), the fourth-largest, shed 1.7%.

XRP (XRP-USD) rose 1.6% and Cardano (ADA-USD) climbed 3.1%, while Dogecoin (DOGE-USD) lost 1%.

The US 10-year Treasury yield closed at 4.359%, up from Thursday's close of 4.282%, while the five-year yield closed at 4.209%, up from 4.153%.

The total market value of the cryptocurrency industry dropped 1.1% in the past 24 hours to $2.33 trillion. Total trading volume rose 14% to $101.1 billion.

Price: 181.67, Change: +2.42, Percent Change: +1.35

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