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Top Cryptocurrencies Slump; Bitcoin Tumbles Below $64,000 Level
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Top Cryptocurrencies Slump; Bitcoin Tumbles Below $64,000 Level
Oct 2, 2024 9:47 PM

04:02 PM EDT, 09/30/2024 (MT Newswires) -- Most major digital assets fell Monday, with bitcoin (BTC-USD) retreating below the $64,000 level.

The CoinDesk Market Index, which tracks 134 digital assets, dropped 3.7% in the past 24 hours. The Nasdaq 100 and the S&P 500 each gained around 0.4%, and the Dow Jones Industrial Average edged up slightly.

Bitcoin tumbled 3.6% to $63,576 with its 24-hour trading volume surging 160% to $35.7 billion, according to CoinMarketCap data. The most popular cryptocurrency hit a high above the $66,000 mark earlier in the 24-hour period.

Ethereum (ETH-USD), the second-largest digital asset, fell 2.6% to $2,597.

BNB (BNB-USD), the third-largest digital asset by market value excluding stablecoins, shed 4.4%, while Solana (SOL-USD), the fourth-largest, lost 2.7%

XRP (XRP-USD) was 4.4% lower, Cardano (ADA-USD) slumped 5.8% and Dogecoin (DOGE-USD) slid 7.9%.

The US 10-year Treasury yield closed at 3.798%, up from Friday's close of 3.751%, while the five-year yield closed at 3.574%, up from 3.505%.

The total market value of the cryptocurrency industry decreased 3.4% in the past 24 hours to $2.24 trillion. Trading volume surged 69% to $80.88 billion.

Price: 178.20, Change: -13.03, Percent Change: -6.81

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