04:01 PM EDT, 05/08/2024 (MT Newswires) -- Most major digital assets were down Wednesday, with bitcoin (BTC-USD) dropping to the $62,000 threshold.

The CoinDesk Market Index, which tracks 193 digital assets, was down 1.7% in the past 24 hours while the Nasdaq 100 was down 0.2%, the S&P 500 was little changed and the Dow Jones Industrial Average was up 0.5%.

Bitcoin (BTC-USD), the largest cryptocurrency by market value, was down 1.3% in the last 24 hours at $62,277, according to CoinMarketCap data. Trading volume was $25.32 billion, up 3%.

Ethereum (ETH-USD), the second-largest digital asset, was trading 1.7% lower at $2,997.

BNB (BNB-USD), the third-largest digital asset by market value excluding stablecoins, was up 0.4% and Solana (SOL-USD), the fourth-largest, declined 3.6%.

XRP (XRP-USD), Dogecoin (DOGE-USD), and Toncoin (TON-USD) fell 2.1%, 4.4% and 1.2%, respectively. Cardano (ADA-USD) was trading 4% higher.

The US 10-year Treasury yield closed at 4.492% on Wednesday, compared to 4.459% Tuesday, while the five-year Treasury yield closed at 4.499%, up from 4.467% a day ago.

The total market value of the cryptocurrency industry was down 1.5% in the last 24 hours at $2.29 trillion. The total trading volumes increased 3.7% to $64.98 billion.

Price: 212.04, Change: -2.30, Percent Change: -1.07