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Top Cryptocurrencies Retreat; Bitcoin Sinks Below $65,000
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Top Cryptocurrencies Retreat; Bitcoin Sinks Below $65,000
Jun 18, 2024 1:34 PM

04:03 PM EDT, 06/18/2024 (MT Newswires) -- Most major digital assets fell sharply on Tuesday, with Bitcoin (BTC-USD) dropping below the $65,000 level.

The CoinDesk Market Index, which tracks 192 digital assets, was down 5% in the past 24 hours. The Nasdaq 100 was fractionally higher, while the S&P 500 and Dow Jones Industrial Average rose 0.2% and 0.1%, respectively.

Bitcoin (BTC-USD), the largest cryptocurrency by market value, fell 3.7% in the last 24 hours to $64,118, according to CoinMarketCap data. Trading volume increased 32.3% to $37.94 billion.

Ethereum (ETH-USD), the second-largest digital asset, was trading 4% lower at $3,405.

BNB (BNB-USD), the third-largest digital asset by market value excluding stablecoins, shed 4.8%, while Solana (SOL-USD), the fourth-largest, lost 9%.

XRP (XRP-USD) slumped 7.3%, Dogecoin (DOGE-USD) fell 9.7%, Cardano (ADA-USD) slid 10% and Toncoin (TON-USD) dropped 10.8%.

The US 10-year Treasury yield closed on Tuesday at 4.217%, down from Monday's 4.277%, while the five-year Treasury yield closed at 4.234%, down from 4.298%.

The total market value of the cryptocurrency industry was down 4.4% in the past 24 hours at $2.31 trillion. Trading volume increased 28.3% to $97.26 billion.

Price: 235.99, Change: -9.11, Percent Change: -3.72

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