Top Cryptocurrencies Fall; Bitcoin Holds Above $116,000 Level

MT Newswires Live

07-31

Major digital assets fell Wednesday, with Bitcoin (BTC-USD) weaker but holding above the $116,000 level.

The CoinDesk Market Index, which tracks dozens of digital assets including Bitcoin, shed almost 1.5% in the past 24 hours. The Nasdaq rose 0.1%, the S&P 500 eased 0.3%, and the Dow Jones Industrial Average decreased 0.5%.

Bitcoin shed 0.9% to $116,979, according to CoinMarketCap data. The most popular cryptocurrency's 24-hour trading volume rose 0.2% to $68.86 billion.

Ethereum (ETH-USD), the second-largest digital asset by market value, fell 0.1% to $3,761.

XRP (XRP-USD) lost 0.6%, BNB (BNB-USD) declined 2.3%, and Solana (SOL-USD) fell 3.2%. Dogecoin (DOGE-USD) shed 2.1%, and Cardano (ADA-USD) dropped 2.3%.

The US 10-year Treasury yield stood at 4.374% at 3 p.m. ET Wednesday, up from 4.328% Tuesday, while the five-year yield rose to 3.965% from 3.904%.

The total market value of the cryptocurrency industry declined 1.1% in the past 24 hours to $3.82 trillion, with trading volume down 3.9% to $167.97 billion.

Price: 116995.30, Change: -918.07, Percent Change: -0.78

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