Top Cryptocurrencies Fall; Bitcoin Hovers Around $94,000

MT Newswires Live01-09

Major digital assets dropped Wednesday with Bitcoin (BTC-USD) hovering around the $94,000 level.

The CoinDesk Market Index, which tracks 124 digital assets, fell 2.8% in the past 24 hours. The Nasdaq 100 was little changed, while the Dow Jones Industrial Average and the S&P 500 both edged up 0.1%.

Bitcoin, the most popular cryptocurrency, declined 2.4% to $94,039 with a 24-hour trading volume of about $64.85 billion, up 14%, according to CoinMarketCap data.

Ethereum (ETH-USD), the second-largest digital asset by market value, dropped 2.9% to $3,283.

XRP (XRP-USD) rose 2.7%, while Solana (SOL-USD) shed 4% and BNB (BNB-USD) fell 0.7%.

Dogecoin (DOGE-USD) dropped 3.8%, and Cardano (ADA-USD) tumbled 7.5%.

The US 10-year Treasury yield closed at 4.691%, up from Tuesday's close of 4.683%, while the five-year yield eased to 4.463% from 4.465%.

The total market value of the cryptocurrency industry declined 2.8% in the past 24 hours to $3.28 trillion, while the total 24-hour trading volume increased 12% to $173.73 billion.

Price: 260.31, Change: -4.02, Percent Change: -1.52

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