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Top Cryptocurrencies Fall; Bitcoin Drops Below $61,000 Level

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Top cryptocurrencies fell Friday, with Bitcoin (BTC-USD) falling below the $61,000 level.

The CoinDesk Market Index, which tracks dozens of digital assets including Bitcoin, fell almost 9.3% in the past 24 hours. The Nasdaq 100 dropped 4.5%, the S&P 500 declined 2.4%, and the Dow Jones Industrial Average fell 1.2%.

Bitcoin fell 5.2% to $60,177, according to CoinMarketCap data. The most popular cryptocurrency's 24-hour trading volume declined 1.8% to $66.16 billion.

Ethereum (ETH-USD), the second-largest digital asset by market value, fell 11.4% to $1,570.

XRP (XRP-USD) dropped 6.4%, BNB (BNB-USD) fell 6.3%, and Solana (SOL-USD) shed 8.2%. Dogecoin (DOGE-USD) declined 8.5%, and Cardano (ADA-USD) lost 13.7%.

The US 10-year Treasury yield stood at 4.534% at 3 p.m. ET Friday, up from 4.476% Thursday, while the five-year yield rose to 4.276% from 4.186%.

The total market value of the cryptocurrency industry fell 5.8% in the past 24 hours to $2.05 trillion, with trading volume rising 2.6% to $158.92 billion.

Price: $60361.64, Change: $-3450.54, Percent Change: -5.41%

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