Top Cryptocurrencies Tumble; Bitcoin Trades Around $79,000 Level

MT Newswires Live

03-11

Major digital assets tumbled late afternoon Monday, with Bitcoin (BTC-USD) trading around the $79,000 level.

The CoinDesk Market Index, which tracks dozens of digital assets including Bitcoin, shed almost 11% in the past 24 hours. The Nasdaq 100 was down 4.1% in late trading, the S&P 500 fell 2.8% and Dow Jones Industrial Average decreased 2.1%.

Bitcoin was down 4.3% at $79,022, according to CoinMarketCap data. The most popular cryptocurrency's 24-hour trading volume was up 130.3% to $56.58 billion.

Ethereum (ETH-USD), the second-largest digital asset by market value, dipped 8.7% to $1,867.

XRP (XRP-USD) lost 4.3%, BNB (BNB-USD) dipped 4.1%, and Solana (SOL-USD) sank 7.5%.

Dogecoin (DOGE-USD) tumbled 8.4%, while Cardano (ADA-USD) dropped 5.7%.

The US 10-year Treasury yield stood at 4.211% at 3 p.m. ET Monday, dropping from 4.315% Friday, while the five-year yield fell to 3.972% from 4.091%.

The total market value of the cryptocurrency industry decreased 4.8% in the past 24 hours to $2.57 trillion with trading volume rising 92.9% at $141.21 billion.

Price: 179.16, Change: -38.29, Percent Change: -17.61

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The Nasdaq 100 was down 4.1% in late trading, the S&amp;P 500 fell 2.8% and Dow Jones Industrial Average decreased 2.1%.</p><p>Bitcoin was down 4.3% at $79,022, according to CoinMarketCap data. 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