Top Cryptocurrencies Fall; Bitcoin Trades Below $105,000 Level
Most major digital assets fell Wednesday, with Bitcoin (BTC/USD) trading below the $105,000 level. The CoinDesk Market Index, which tracks 124 digital assets, shed 1.6% in the past 24 hours. The Nasdaq 100 was up 1.4% in late trading, while the S&P 500 and the Dow Jones Industrial Average advanced 0.7% and 0.3%, respectively. Bitcoin, the most popular cryptocurrency, dropped 1.7% to $104,208, with its 24-hour trading volume declining about 36% to $56.54 billion, according to CoinMarketCap data. Ethereum (ETH/USD), the second-largest digital asset by market value, was 1.4% lower at $3,263. XRP (XRP/USD) gained 1.9%, and Solana (SOL/USD) jumped 6%, while BNB (BNB/USD) added 0.8%. Dogecoin (DOGE/USD) slumped 5.5%, and Cardano (ADA/USD) dipped 0.6%. The US 10-year Treasury yield closed at 4.599%, up from Tuesday's close of 4.572%, while the five-year yield rose to 4.426% from 4.369%. The total market value of the cryptocurrency industry decreased 1.1% in the past 24 hours to $3.61 trillion, while trading volume shrank 32% to $149.82 billion.