Top Cryptocurrencies Tumble; Bitcoin Slumps Below $96,000

MT Newswires Live

02-22

Major digital assets were in the red Friday with Bitcoin (BTC-USD) retreating below $96,000.

The CoinDesk Market Index, which tracks dozens of digital assets including Bitcoin, lost 3.5% in the past 24 hours. The Nasdaq 100 shed 2% in late trading, while the S&P 500 and the Dow Jones Industrial Average each dropped 1.7%.

Bitcoin slumped 3.4% to $95,213, with a 24-hour trading volume of $46.9 billion, up 55%, according to CoinMarketCap data. The most popular cryptocurrency was on track for a weekly loss of nearly 3%.

Ethereum (ETH-USD), the second-largest digital asset by market value, fell 3.9% to $2,641 and was heading for a weekly decline of nearly 4%.

XRP (XRP-USD) slid 6.2%, BNB (BNB-USD) lost 2.1%, and Solana (SOL-USD) dipped 3.1%.

Dogecoin (DOGE-USD) shed 6%, while Cardano (ADA-USD) also slumped 6.3%.

The US 10-year Treasury yield stood at 4.416% at 3 p.m. ET Friday, dropping from 4.498% Thursday, while the five-year yield eased to 4.255% from 4.338%.

The total market value of the cryptocurrency industry decreased 3.2% in the past 24 hours to $3.14 trillion with trading volume surging 48% to $133.24 billion.

Price: 236.40, Change: -20.20, Percent Change: -7.87

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