Top Cryptocurrencies Fall; Bitcoin Drops to $94,000 Level

MT Newswires Live

May 01, 2025

Major digital assets fell on Wednesday, with Bitcoin (BTC-USD) dropping to $94,000 level.

The CoinDesk Market Index, which tracks dozens of digital assets including Bitcoin, fell 0.4% in the past 24 hours. The Nasdaq 100 dropped 0.2% in late trading, the S&P 500 increased 0.2%, and the Dow Jones Industrial Average was 0.4% higher.

Bitcoin was down 1.4% to $94,069, according to CoinMarketCap data. The most popular cryptocurrency's 24-hour trading volume rose 13.2% to $29.17 billion.

Ethereum (ETH-USD), the second-largest digital asset by market value, was down 1.8% to $1,790.

XRP (XRP-USD) lost 4.2%, BNB (BNB-USD) dropped 0.98%, and Solana (SOL-USD) decreased 2.4%.

Dogecoin (DOGE-USD) and Cardano (ADA-USD) each dipped 3.6%.

The US 10-year Treasury yield stood at 4.172% at 3 p.m. ET Wednesday, up from 4.168% Tuesday, while the five-year yield fell to 3.750% from 3.770%.

The total market value of the cryptocurrency industry decreased 1.7% in the past 24 hours to $2.94 trillion, with trading volume up 9.5% to $81.6 billion.

Compared to the start of the month, digital assets gained in April, backed by the Trump administration's decision to temporarily halt certain tariffs. Bitcoin gained nearly $9,000 while the industry's market cap gained nearly $200 billion during the month.

Price: 94060.45, Change: -214.67, Percent Change: -0.23

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