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Top Cryptocurrencies Fall; Bitcoin Drops Below $86,000 Level

MT Newswires Live12-02

Major digital assets fell Monday, with Bitcoin (BTC-USD) dropping below the $86,000 level.

The CoinDesk Market Index, which tracks dozens of digital assets including Bitcoin, fell almost 7.3% in the past 24 hours. The Nasdaq eased 0.4% in late trading, the S&P 500 lost 0.5%, and the Dow Jones Industrial Average decreased 0.8%.

Bitcoin fell 6.5% to $85,341, according to CoinMarketCap data. The most popular cryptocurrency's 24-hour trading volume surged 126.3% to $85 billion.

Ethereum (ETH-USD), the second-largest digital asset by market value, lost 9% to $2,753.

XRP (XRP-USD) shed 8%, BNB (BNB-USD) lost 8.6%, and Solana (SOL-USD) dipped 9.3%. Dogecoin (DOGE-USD) fell 10.5%, and Cardano (ADA-USD) declined 10.9%.

The US 10-year Treasury yield stood at 4.094% at 3 p.m. ET Monday, up from 4.013% Friday, while the five-year yield was 3.673%, up from 3.596%.

The total market value of the cryptocurrency industry fell 6.7% in the past 24 hours to $2.9 trillion with trading volume dropping 7.2% to $179.4 billion.

Price: 85372.38, Change: -5007.47, Percent Change: -5.54

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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