04:03 PM EDT, 06/06/2024 (MT Newswires) -- Most major digital assets fell Thursday, with Bitcoin (BTC-USD) dropping to the $70,000 threshold.

The CoinDesk Market Index, which tracks 192 digital assets, was down 0.8% in the past 24 hours. The Nasdaq 100 and S&P 500 both declined 0.1%, while the Dow Jones Industrial Average gained 0.2%

Bitcoin (BTC-USD), the largest cryptocurrency by market value, dropped 1.1% in the past 24 hours to $70,492, according to CoinMarketCap data. Trading volume was $24.78 billion, down 24.7%.

Ethereum (ETH-USD), the second-largest digital asset, was trading 2.2% lower at $3,790.

BNB (BNB-USD), the third-largest digital asset by market value excluding stablecoins, added 2% while Solana (SOL-USD), the fourth-largest, slumped 2.6%.

XRP (XRP-USD) was down 1.4%, Dogecoin (DOGE-USD) was trading 2.4% lower, Cardano (ADA-USD) lost 1.8%, and Toncoin (TON-USD) dropped 1%.

The US 10-year Treasury yield closed Thursday at 4.279%, down from 4.289% on Wednesday, while the five-year Treasury yield closed at 4.291%, down from 4.306%.

The total market value of the cryptocurrency industry was down 1% in the past 24 hours at $2.62 trillion. The total trading volume decreased 16.3% to $73.28 billion.

Price: 257.61, Change: +6.21, Percent Change: +2.47