04:04 PM EST, 03/05/2024 (MT Newswires) -- Most major digital assets were in the red Tuesday, with bitcoin (BTC-USD) experiencing selling pressure after reaching an all time high.

The CoinDesk Market Index, which tracks 183 digital assets, was down 8.4% in the past 24 hours while the Nasdaq 100, S&P 500, and the Dow Jones Industrial Average were down 1.7%, 1%, and 1.1%, respectively.

Bitcoin (BTC-USD), the largest cryptocurrency by market value, declined 8% in the past 24 hours at $62,115 after reaching an all-time high of $69,170, according to CoinMarketCap data. Trading volume was $99.8 billion, up 55.4%.

Ethereum (ETH-USD), the second-largest digital asset, was down 5.5% at $3,395.

BNB (BNB-USD), the third-largest digital asset by market value excluding stablecoins, declined 8.6% and Solana (SOL-USD), the fourth-largest, was down 7.7%.

XRP (XRP-USD), Cardano (ADA-USD), and Dogecoin (DOGE-USD) were down 12.1%, 14.7%, and 21.7%, respectively. Shiba Inu (SHIB-USD) fell 13.7%.

The US 10-year Treasury yield closed at 4.135% on Tuesday, compared to 4.219% Monday, while the five-year Treasury yield closed at 4.136%, down from 4.210% a day ago.

The total market value of the cryptocurrency industry was down 7.9% in the last 24 hours at $2.29 trillion. The total trading volumes increased 54.4% to $247.34 billion.

Price: 216.70, Change: -12.45, Percent Change: -5.43