Top Cryptocurrencies Fall; Bitcoin Drops Below $96,000

MT Newswires Live

2024/12/27

Major digital assets were weaker late Thursday with Bitcoin (BTC-USD) dropping below $96,000.

The CoinDesk Market Index, which tracks 126 digital assets, shed 4.2% in the past 24 hours. The Nasdaq 100 was fractionally higher while S&P 500 and the Dow Jones Industrial Average both edged up 0.1% in late trading.

Bitcoin fell 3.5% to $95,664, according to CoinMarketCap data. The dominant digital currency's 24-hour trading volume surged 44% to $47.56 billion.

Ethereum (ETH-USD), the second-largest digital asset by market value, slumped 4.2% to $3,325.

XRP (XRP-USD) tumbled 6.7%, while BNB (BNB-USD) lost 1.9%.

Solana (SOL-USD) slid 4.8%, Dogecoin (DOGE-USD) dipped 5.7%, and Cardano (ADA-USD) was 5.9% lower.

The US 10-year Treasury yield closed at 4.577%, easing from Tuesday's close of 4.587%, while the five-year yield dropped to 4.431% from 4.438%.

The total market value of the cryptocurrency industry dropped 3.9% in the past 24 hours to $3.3 trillion, while the total 24-hour trading volume grew 11.6% to $126.54 billion.

Price: 275.55, Change: -4.07, Percent Change: -1.46

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