financetom
Market
financetom
/
Market
/
Top Cryptocurrencies Fall; Bitcoin Falls Below $68,000 Level
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
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

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Dow Gains Over 200 Points But Records Weekly Loss: Fear Among Investors Eases But Greed Index Remains In 'Extreme Fear' Zone
Dow Gains Over 200 Points But Records Weekly Loss: Fear Among Investors Eases But Greed Index Remains In 'Extreme Fear' Zone
Mar 9, 2025
The CNN Money Fear and Greed index showed some improvement in the overall market sentiment, while the index remained in the “Extreme Fear” zone on Friday. U.S. stocks settled higher on Friday, with the Dow Jones index gaining more than 200 points during the session. However, the index recorded losses last week. The S&P 500 recorded its worst week since...
BioNTech, Oracle And 3 Stocks To Watch Heading Into Monday
BioNTech, Oracle And 3 Stocks To Watch Heading Into Monday
Mar 9, 2025
With U.S. stock futures trading lower this morning on Monday, some of the stocks that may grab investor focus today are as follows: Wall Street expects BioNTech SE ( BNTX ) to report quarterly earnings at 58 cents per share on revenue of $1.15 billion before the opening bell, according to data from Benzinga Pro. BioNTech shares gained 3.7% to...
Mark Carney Wins Liberal Party Leadership Contest; Comes As US Talks of No Reprieve on 25% Tariffs For Steel and Aluminum
Mark Carney Wins Liberal Party Leadership Contest; Comes As US Talks of No Reprieve on 25% Tariffs For Steel and Aluminum
Mar 9, 2025
07:22 PM EDT, 03/09/2025 (MT Newswires) -- Former Bank of Canada and Bank of England Governor, Mark Carney, was on Sunday night elected as the new leader of the Liberal Party of Canada. Within days he will become the Prime Minister and he is then expected to quickly call a federal election. Carney clinched victory easily on the first ballot,...
Russian rouble brushes off sanctions threat to firm against dollar
Russian rouble brushes off sanctions threat to firm against dollar
Mar 10, 2025
March 10 (Reuters) - The Russian rouble strengthened to a more than one-week high on Monday, brushing aside U.S. President Donald Trump's threat of imposing large-scale sanctions on Russia as Washington pushes Moscow and Kyiv to negotiate a peace deal. The rouble is up against the dollar this year, mostly thanks to expectations of improved relations between Moscow and Washington...
Copyright 2023-2025 - www.financetom.com All Rights Reserved