Top Cryptocurrencies Fall; Bitcoin Drops Below $102,000 Level

MT Newswires Live

02-01

Major digital assets were mostly weaker late Friday, with Bitcoin (BTC-USD) sliding below the $102,000 level.

The CoinDesk Market Index, which tracks 124 digital assets, fell 2.5% in the past 24 hours. The Nasdaq 100 slipped 0.2% in late trading, while the S&P 500 edged down 0.5%, and the Dow Jones Industrial Average dipped 0.8%.

Bitcoin slid 3.3% to $101,805, with its 24-hour trading volume shrinking 5.1% to $43.12 billion, according to CoinMarketCap data. The most popular cryptocurrency was on track for a monthly loss of around 8%.

Ethereum (ETH-USD), the second-largest digital asset by market value, was 2.6% higher at $3,329, while heading for a monthly decline of less than 1%.

XRP (XRP-USD) shed 3.2%, Solana (SOL-USD) lost 3.9%, and BNB (BNB-USD) eased 0.1%.

Dogecoin (DOGE-USD) dropped 1.8%, and Cardano (ADA-USD) was down 2%.

The US 10-year Treasury yield stood at 4.565% at 3:00 pm ET Friday, up from 4.512% same time Thursday, while the five-year yield climbed to 4.362% from 4.31%.

The total market value of the cryptocurrency industry decreased 2% in the past 24 hours to $3.5 trillion, while the 24-hour trading volume increased 3.3% to $119.76 billion.

Price: 291.51, Change: -9.79, Percent Change: -3.25

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