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

