Top Cryptocurrencies Retreat; Bitcoin Drops Below $97,000 Level

MT Newswires Live
14 Feb

Major digital assets were mostly weaker late afternoon Thursday with Bitcoin (BTC-USD) falling below the $97,000 level.

The CoinDesk Market Index, which tracks 124 digital assets, shed 1% in the past 24 hours. The Nasdaq 100 rose 1.4% in late trading, the S&P 500 climbed 1%, and the Dow Jones Industrial Average advanced 0.8%.

Bitcoin fell 0.8% to $96,199, according to CoinMarketCap data. The most popular cryptocurrency's 24-hour trading volume decreased 18% to $38.87 billion.

Ethereum (ETH-USD), the second-largest digital asset by market value, eased 1% to $2,650.

XRP (XRP-USD) added 1%, while BNB (BNB-USD) slumped 4.8%. Solana (SOL-USD) was less than 0.1% lower.

Dogecoin (DOGE-USD) lost 1.8%, while Cardano (ADA-USD) rose 2.5%.

The US 10-year Treasury yield stood at 4.523% at 3 p.m. ET Thursday, down from 4.635% Wednesday, while the five-year yield eased to 4.384% from 4.48%.

The total market value of the cryptocurrency industry dipped 0.7% in the past 24 hours to $3.18 trillion, with the overall trading volume down 10.9% at $111.03 billion.

Price: 298.31, Change: +23.41, Percent Change: +8.52

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