Top Cryptocurrencies Fall; Bitcoin Drops Below $95,000

MT Newswires Live

02-25

Major digital assets fell Monday with Bitcoin (BTC-USD) dropping below $95,000.

The CoinDesk Market Index, which tracks dozens of digital assets including Bitcoin, shed 2.6% in the past 24 hours. The Nasdaq 100 dipped 0.9% in late trading, the S&P 500 was 0.3% lower while the Dow Jones Industrial Average edged up 0.2%.

Bitcoin was down 1.5% at $94,327, according to CoinMarketCap data. The most popular cryptocurrency's 24-hour trading volume more than doubled to $37.33 billion.

Ethereum (ETH-USD), the second-largest digital asset by market value, slumped 5.2% to $2,651.

XRP (XRP-USD) lost 4.3%, BNB (BNB-USD) dipped 3.1%, and Solana (SOL-USD) sank 9.2%.

Dogecoin (DOGE-USD) tumbled 7%, while Cardano (ADA-USD) slid 5.8%.

The US 10-year Treasury yield stood at 4.391% at 3 p.m. ET Monday, dropping from 4.416% Friday, while the five-year yield eased to 4.226% from 4.255%.

The total market value of the cryptocurrency industry decreased 2.5% in the past 24 hours to $3.09 trillion, while the trading volume surged 63.5% to $109.15 billion.

Price: 228.45, Change: -6.93, Percent Change: -2.94

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