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Top Cryptocurrencies Fall; Bitcoin Falls Below $68,000 Level
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Top Cryptocurrencies Fall; Bitcoin Falls Below $68,000 Level
May 31, 2024 1:40 PM

04:03 PM EDT, 05/31/2024 (MT Newswires) -- Most major digital assets fell Friday, with Bitcoin (BTC-USD) sliding below the $68,000 level.

The CoinDesk Market Index, which tracks 192 digital assets, was down 2.2% in the past 24 hours. The Nasdaq 100 declined 0.9%, the S&P 500 was nearly flat, while the Dow Jones Industrial Average rose 0.7%.

Bitcoin (BTC-USD), the largest cryptocurrency by market value, fell 1.1% in the last 24 hours to $67,801, according to CoinMarketCap data. Trading volume was $27.8 billion, down 4.3%.

The most popular cryptocurrency is on pace to conclude the week with a loss of nearly 2%.

Ethereum (ETH-USD), the second-largest digital asset, was trading 0.7% higher at $3,786 and headed for a weekly gain of more than 1%.

BNB (BNB-USD), the third-largest digital asset by market value excluding stablecoins, eased 0.4% while Solana (SOL-USD), the fourth-largest, was down 1%.

XRP (XRP-USD) shed 0.8%, Toncoin dipped 2.1%, Dogecoin (DOGE-USD) lost 1%, and Cardano (ADA-USD) was 0.7% lower.

The US 10-year Treasury yield closed at 4.512% on Friday, down from Thursday's 4.554%, while the five-year Treasury yield closed at 4.525%, down from Thursday's 4.572%.

The total market value of the cryptocurrency industry was down 2.2% in the last 24 hours at $2.52 trillion. The total trading volume decreased 6.6% to $77.43 billion.

Price: 225.52, Change: -9.25, Percent Change: -3.94

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