03:59 PM EDT, 10/02/2024 (MT Newswires) -- Most major digital assets were in the red late Wednesday, with bitcoin (BTC-USD) dropping close to $60,000.

The CoinDesk Market Index, which tracks 134 digital assets, shed 2.9% in the past 24 hours, while US stock indexes were edging higher. The Nasdaq 100 rose 0.3%, while the S&P 500 and Dow Jones Industrial Average were up about 0.1% each.

Bitcoin, the most popular cryptocurrency, dropped 2.6% to $60,189, with its 24-hour trading volume declining about 3% to $43.6 billion, according to CoinMarketCap data.

Ethereum (ETH-USD), the second-largest digital asset, slumped 4.9% to $2,375.

BNB (BNB-USD), the third-largest digital asset by market value excluding stablecoins, lost 2.1%, while Solana (SOL-USD), the fourth-largest, tumbled 4.8%.

XRP (XRP-USD) sank 5.5%, Cardano (ADA-USD) slid 4.7%, and Dogecoin (DOGE-USD) dipped 1.6%.

The US 10-year Treasury yield closed at 3.783%, up from Tuesday's close of 3.741%, while the five-year yield closed at 3.552%, up from 3.521%.

The total market value of the cryptocurrency industry decreased 2.9% in the past 24 hours to $2.11 trillion. Trading volume shrank nearly 9% to $97.05 billion.

Price: 163.81, Change: -1.20, Percent Change: -0.73