04:05 PM EST, 12/31/2024 (MT Newswires) -- Major digital assets eased Tuesday, with Bitcoin (BTC-USD) dropping below $94,000.

The CoinDesk Market Index, which tracks 126 digital assets, dropped 1.1% in the past 24 hours. US stock indexes were in the red in late trading, with the Nasdaq 100 down 0.9%, while the S&P 500 and the Dow Jones Industrial Average eased 0.4% and 0.1%, respectively.

Bitcoin dipped 0.8% to $93,414, with a 24-hour trading volume of close to $48.26 billion, down 11.6%, according to CoinMarketCap data.

Bitcoin, however, was on track to post a 120% gain this year following an extended rally that propelled the most popular virtual currency to a record above $108,000 on Dec. 17, fueled largely by US President-elect Donald Trump's perceived pro-cryptocurrency stance.

Ethereum (ETH-USD), the second-largest digital asset by market value, was down 1.4% at $3,346.

XRP (XRP-USD) shed 0.6%, while BNB (BNB-USD) lost 1.2% and Solana (SOL-USD) edged down 0.4%.

Dogecoin (DOGE-USD) was 1.3% lower and Cardano (ADA-USD) slumped 2.9%.

The US 10-year Treasury yield closed at 4.569%, up from Monday's close of 4.543%, while the five-year yield rose to 4.382% from 4.37%.

The total market value of the cryptocurrency industry decreased 1.1% in the past 24 hours to $3.27 trillion, while the total 24-hour trading volume shrank 10.8% to $121.35 billion.

Price: 248.59, Change: -6.97, Percent Change: -2.73