Top Cryptocurrencies Mostly Lower; Bitcoin Falls Below $88,000 Level

Major digital assets were mostly lower late afternoon Friday, with Bitcoin (BTC/USD) falling below the $88,000 level. The CoinDesk Market Index, which tracks dozens of digital assets including Bitcoin, shed 1.6% in the past 24 hours. The Nasdaq 100 rose 0.7% in late trading, the S&P 500 gained 0.6% and Dow Jones Industrial Average increased 0.5%. Bitcoin was down 2.4% at $87,115, according to CoinMarketCap data. The most popular cryptocurrency's 24-hour trading volume was up 41.7% to $64.1 billion. Ethereum (ETH/USD), the second-largest digital asset by market value, dipped 1.4% to $2,166. XRP (XRP/USD) lost 4.1%, BNB (BNB/USD) gained 0.6%, while Solana (SOL/USD) eased 0.1%. Dogecoin (DOGE/USD) rose 1.4%, and Cardano (ADA/USD) dropped 5.8%. The US 10-year Treasury yield stood at 4.315% at 3 p.m. ET Friday, rising from 4.282% Thursday, while the five-year yield rose to 4.091% from 4.058%. The global cryptocurrency market value declined 1.3% in the past 24 hours to $2.88 trillion, with trading volume up 23.2% at $135.7 billion.