Bitcoin Price Falls Below $86k on Extended Selloffs
Bitcoin, the world’s largest cryptocurrency, plunged below $86,000 over extended sell pressures. Retail investors have continued to be taking profit amidst uncertainties, dragging the global cryptocurrency market valuation down by about 2% in the last 24 hours.
According to data from CoinMarketCap.com, the global crypto market cap printed lower at $2.82 trillion due to exit trading, a 1.81% decrease over the last day. The market report revealed that the total crypto market volume over the last 24 hours slowed down to $87.22 billion, which makes a 33.61% decrease.
The total volume in DeFi is currently $5.73 billion on the Exchange, accounting for 6.57% of the total crypto market 24-hour volume. The volume of all stable coins reached $81.66 billion in the crypto market, which is 93.62% of the total crypto market 24-hour volume.
The top 10 cryptocurrencies were under pressure, recording significant price fluctuation in the week. On Friday, major digital assets were mostly lower, with Bitcoin (BTC-USD) falling below the $88,000 level.
The CoinDesk Market Index, which tracks dozens of digital assets, including Bitcoin, shed 1.6% in the past 24 hours. The Nasdaq 100 rose 0.7% in late trading, the S&P 500 gained 0.6% and Dow Jones Industrial Average increased 0.5%.
Bitcoin was down 2.4% at $87,115, according to CoinMarketCap data. The most popular cryptocurrency’s 24-hour trading volume was up 41.7% to $64.1 billion. Ethereum (ETH-USD), the second-largest digital asset by market value, dipped 1.4% to $2,166.
XRP (XRP-USD) lost 4.1%, BNB (BNB-USD) gained 0.6%, while Solana (SOL-USD) eased 0.1%. Dogecoin (DOGE-USD) rose 1.4%, and Cardano (ADA-USD) dropped 5.8%.
The US 10-year Treasury yield stood at 4.315% on Friday, rising from 4.282% Thursday, while the five-year yield rose to 4.091% from 4.058%. #Bitcoin Price Falls Below $86k on Extended Selloffs #Naira Exchange Rates Switch Positions in FX Markets
