Top Cryptocurrencies Broadly Firmer; Bitcoin Holds Above $85,000 Level

Major digital assets were broadly firmer late Monday afternoon, with Bitcoin (BTC/USD) holding above the $85,000 level. The CoinDesk Market Index, which tracks dozens of digital assets including Bitcoin, increased 0.2% in the past 24 hours. The Nasdaq 100 rose 0.6%, the S&P 500 added 0.8%, and the Dow Jones Industrial Average increased 0.8%. Bitcoin rose 1.4% to $84,936, according to CoinMarketCap data. The most popular cryptocurrency's 24-hour trading volume surged 30.4% to $35.48 billion. Ethereum (ETH/USD), the second-largest digital asset by market value, increased 3.1% to $1,637. XRP (XRP/USD) added 1.4%, BNB (BNB/USD) gained 1%, and Solana (SOL/USD) surged 2.5%. Dogecoin (DOGE/USD) fell 1.6%, while Cardano (ADA/USD) eased 0.3%. The US 10-year Treasury yield stood at 4.362% at 3 p.m. ET Monday, down from 4.490% Friday, while the five-year yield fell to 4.000% from 4.154%. The total market value of the cryptocurrency industry rose 1.7% in the past 24 hours to $2.69 trillion, with trading volume rising 31.7% to $93.76 billion.