Top Cryptocurrencies Tumble; Bitcoin Falls Below $86,000

MT Newswires Live

03-04

Major digital assets tumbled late afternoon Monday with Bitcoin (BTC-USD) falling below $86,000 level.

The CoinDesk Market Index, which tracks dozens of digital assets including Bitcoin, shed 11% in the past 24 hours. US equity indexes fell with the Nasdaq 100 down 2.6%, the S&P 500 falling 1.8% and the Dow Jones Industrial Average losing 1.5%.

Bitcoin was 9% lower at $85,822, according to CoinMarketCap data. The most popular cryptocurrency's 24-hour trading volume rose 32% to $71.74 billion.

Ethereum (ETH-USD), the second-largest digital asset by market value, dropped almost 20% to $2,129.

XRP (XRP-USD) lost 0.84%, BNB (BNB-USD) declined 7.3%, and Solana (SOL-USD) slumped 18%.

Dogecoin (DOGE-USD) fell 15% lower, and Cardano (ADA-USD) declined 16%.

The US 10-year Treasury yield stood at 4.176% at 3 p.m. ET Monday, declining from 4.231% Friday, while the five-year yield fell to 3.988% from 4.026%.

The global cryptocurrency market value decreased 10% in the past 24 hours to $2.81 trillion, with trading volume up 10% at $178.2 billion.

Price: 205.87, Change: -9.75, Percent Change: -4.52

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The most popular cryptocurrency's 24-hour trading volume rose 32% to $71.74 billion.Ethereum (ETH-USD), the second-largest digital asset by market value, dropped almost 20% to $2,129.XRP (XRP-USD) lost 0.84%, BNB (BNB-USD) declined 7.3%, and Solana (SOL-USD) slumped 18%.Dogecoin (DOGE-USD) fell 15% lower, and Cardano (ADA-USD) declined 16%.The US 10-year Treasury yield stood at 4.176% at 3 p.m. ET Monday, declining from 4.231% Friday, while the five-year yield fell to 3.988% from 4.026%.The global cryptocurrency market value decreased 10% in the past 24 hours to $2.81 trillion, with trading volume up 10% at $178.2 billion.Price: 205.87, Change: -9.75, Percent Change: -4.52","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0}}}