04:02 PM EDT, 08/28/2024 (MT Newswires) -- Most major digital assets tumbled Wednesday, with bitcoin (BTC-USD) sliding below the $60,000 level.

The CoinDesk Market Index, which tracks 134 digital assets, was 4.1% lower in the past 24 hours. The Nasdaq 100 fell 0.9%, the S&P 500 dropped 0.5%, and the Dow Jones Industrial Average dipped 0.3%.

Bitcoin (BTC-USD), the most popular cryptocurrency, slumped 4.4% to $59,257 with a 24-hour trading volume of $47.7 billion, up 54%, according to CoinMarketCap data.

Ethereum (ETH-USD), the second-largest digital asset, was down 2.5% at $2,518.

BNB (BNB-USD), the third-largest digital asset by market value excluding stablecoins, shed 2.4%, while Solana (SOL-USD), the fourth-largest, tumbled 6.1%.

XRP (XRP-USD) was 3.1% lower, Dogecoin (DOGE-USD) slumped 4.2% and Cardano (ADA-USD) dipped 3%.

The US 10-year Treasury yield closed at 3.839%, up from Tuesday's close of 3.831%, while the five-year yield closed at 3.664%, down from 3.665%.

The total market value of the cryptocurrency industry decreased 3.9% in the past 24 hours to $2.09 trillion. Trading volume soared about 50% to $102.17 billion.

Price: 192.45, Change: -5.85, Percent Change: -2.95