Top Cryptocurrencies Weaker; Bitcoin Falls Below $96,000

Major digital assets slid Friday with Bitcoin (BTC/USD) falling below $96,000. The CoinDesk Market Index, which tracks 124 digital assets, was down 0.6% in the past 24 hours. US stock indexes retreated with the Nasdaq 100 shedding 1.3% in late trade, while the S&P 500 and the Dow Jones Industrial Average each fell 1%. Bitcoin fell 1.1% to $95,889, with a 24-hour trading volume of $56.09 billion, up 15%, according to CoinMarketCap data. The most popular cryptocurrency was on track for a weekly slump of nearly 6%. Ethereum (ETH/USD), the second-largest digital asset by market value, was 4.4% lower at $2,595 and heading for a weekly loss of more than 20%. XRP (XRP/USD) climbed 1%, while Solana (SOL/USD) dipped 0.7% and BNB (BNB/USD) dropped 1%. Dogecoin (DOGE/USD) fell 1.7%, while Cardano (ADA/USD) slid 2%. The US 10-year Treasury yield stood at 4.485% at 3 p.m. ET Friday, up from 4.436% Thursday, while the five-year yield rose to 4.333% from 4.271%. The total market value of the cryptocurrency industry decreased 1% in the past 24 hours to $3.12 trillion, while the 24-hour trading volume rose 4.3% to $131.76 billion.