Top Cryptocurrencies Drop; Bitcoin Hovers Near $97,000

MT Newswires Live

05-03

Major digital assets were mostly lower late afternoon Friday with Bitcoin (BTC-USD) trading close to $97,000.

The CoinDesk Market Index, which tracks dozens of digital assets including Bitcoin, rose 0.1% in the past 24 hours. The Nasdaq 100 gained 1.6%, the S&P 500 was up 1.5%, and the Dow Jones Industrial Average increased 1.5%.

Bitcoin rose 0.2% to $96,829, according to CoinMarketCap data. The most popular cryptocurrency's 24-hour trading volume fell 18% to $26.67 billion.

Ethereum (ETH-USD), the second-largest digital asset by market value, decreased 0.7% to $1,838.

XRP (XRP-USD) dropped 0.7%, BNB (BNB-USD) lost 0.3%, while Solana (SOL-USD) fell 1.5%.

Dogecoin (DOGE-USD) fell 0.6%, and Cardano (ADA-USD) dropped 2.2%.

The US 10-year Treasury yield stood at 4.318% at 3 p.m. ET Friday, up from 4.225% Thursday, while the five-year yield rose to 3.931% from 3.809%.

The total market value of the cryptocurrency industry rose 0.1% in the past 24 hours to $3.01 trillion with trading volume falling 14% to $71.9 billion.

Price: 96871.34, Change: +379.81, Percent Change: +0.39

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