Top Cryptocurrencies Fall; Bitcoin Drops Below $117,000

MT Newswires Live

10/11

Major digital assets fell Friday, with Bitcoin (BTC-USD) dropping below $117,000.

The CoinDesk Market Index, which tracks dozens of digital assets including Bitcoin, fell 3.9% in the past 24 hours. The Nasdaq 100 tumbled 3.6% in late trading, the S&P 500 declined 2.7%, and the Dow Jones Industrial Average dropped 1.9%.

Bitcoin fell 3.3% to $116,868, according to CoinMarketCap data. The most popular cryptocurrency's 24-hour trading volume rose 12% to $81.3 billion.

Ethereum (ETH-USD), the second-largest digital asset by market value, slumped 7.2% to $4,019.

XRP (XRP-USD) lost 3.6%, BNB (BNB-USD) dropped 1.3%, and Solana (SOL-USD) fell 5.4%. Dogecoin (DOGE-USD) shed 5.6%, and Cardano (ADA-USD) lost 4.7%.

The US 10-year Treasury yield stood at 4.053% at 3 p.m. ET Friday, down from 4.146% Thursday, while the five-year yield was at 3.649%, down from 3.739%.

The total market value of the cryptocurrency industry fell 4.2% in the past 24 hours to $3.94 trillion, with trading volume dropped 3.9% to $251.7 billion.

Price: 116981.91, Change: -4745.32, Percent Change: -3.90

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