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Top Cryptocurrencies Fall; Bitcoin Sinks Below $66,000
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Top Cryptocurrencies Fall; Bitcoin Sinks Below $66,000
Jun 14, 2024 1:35 PM

04:03 PM EDT, 06/14/2024 (MT Newswires) -- Most major digital assets fell on Friday, with Bitcoin (BTC-USD) dropping below the $66,000 level.

The CoinDesk Market Index, which tracks 192 digital assets, was down 2.6% in the past 24 hours. The Nasdaq 100 was fractionally down, while the S&P 500 and Dow Jones Industrial Average dipped 0.2% and 0.3%, respectively.

Bitcoin (BTC-USD), the largest cryptocurrency by market value, slid 1.8% in the last 24 hours to $65,421, according to CoinMarketCap data. Trading volume shrank 16.8% to $25.52 billion.

The most popular cryptocurrency is on pace to conclude the week with a loss of nearly 6%.

Ethereum (ETH-USD), the second-largest digital asset, was trading 2.3% lower at $3,403 and headed for a weekly loss of around 8%.

BNB (BNB-USD), the third-largest digital asset by market value excluding stablecoins, was 1.1% lower, while Solana (SOL-USD), the fourth-largest, slumped 4.5%.

XRP (XRP-USD) fell 2.9%, Dogecoin (DOGE-USD) was 6.5% lower, and Cardano (ADA-USD) shed 4.9%. Toncoin bucked the general trend with a gain of 4.5%.

The US 10-year Treasury yield closed on Friday at 4.211%, down from Thursday's 4.238%, while the five-year Treasury yield closed at 4.224%, down from 4.234%.

The total market value of the cryptocurrency industry was down 2.4% in the past 24 hours at $2.37 trillion. Trading volume decreased 10.8% to $70.22 billion.

Price: 242.65, Change: -4.99, Percent Change: -2.02

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