Top Cryptocurrencies Tumble; Bitcoin Sinks Below $102,000

MT Newswires Live12-19

Major digital assets pulled back Wednesday, with Bitcoin (BTC-USD) sinking below $102,000

The CoinDesk Market Index, which tracks 126 digital assets, shed 4.1% in the past 24 hours. US stock indexes were in the red in the late trade, the Nasdaq 100 down 2.8%, while the S&P 500 and Dow Jones Industrial Average eased 2.3% and 2.2%, respectively.

Bitcoin was 5% lower at $101,502.9, according to CoinMarketCap data. The most popular digital currency's 24-hour trading volume increased 27.7% to $86.86 billion.

Ethereum (ETH-USD), the second-largest digital asset by market value, slid 6% to $3,707.

XRP (XRP-USD) sank 10%, while Solana (SOL-USD) shed 7.9%.

BNB (BNB-USD) dropped 4.2%, Dogecoin (DOGE-USD) tumbled 9.6%, and Cardano (ADA-USD) lost 9.1%.

The US 10-year Treasury yield closed at 4.49%, up from Tuesday's close of 4.383%, while the five-year yield rose to 4.376% from 4.246%.

The total market value of the cryptocurrency industry decreased 6.3% in the past 24 hours to $3.51 trillion. Total trading volume increased 22.1% to $227.99 billion.

Price: 284.14, Change: -27.50, Percent Change: -8.82

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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