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Top Cryptocurrencies Fall; Bitcoin Drops Below $80,000

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Top cryptocurrencies fell Friday, with Bitcoin (BTC-USD) falling below the $80,000 level.

The CoinDesk Market Index, which tracks dozens of digital assets including Bitcoin, fell almost 3.9% in the past 24 hours. The Nasdaq fell 1.6%, the S&P 500 declined 1.3%, and the Dow Jones Industrial Average fell 1%.

Bitcoin fell 2.8% to $79,121, according to CoinMarketCap data. The most popular cryptocurrency's 24-hour trading volume fell 10.6% to $38.68 billion.

Ethereum (ETH-USD), the second-largest digital asset by market value, fell 3.3% to $2,222.

XRP (XRP-USD) dropped 5.3%, BNB (BNB-USD) dipped 0.8%, and Solana (SOL-USD) fell 3.7%. Dogecoin (DOGE-USD) shed 2.7%, and Cardano (ADA-USD) lost 4.7%.

The US 10-year Treasury yield stood at 4.594% at 3 p.m. ET Friday, up from 4.459% Thursday, while the five-year yield rose to 4.256% from 4.119%.

The total market value of the cryptocurrency industry fell 2.7% in the past 24 hours to $2.63 trillion, with trading volume declining 2.9% to $160.42 billion.

Price: $79097.26, Change: $-1972.28, Percent Change: -2.43%

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