Top Cryptocurrencies Drop; Bitcoin Hovers Near $97,000

Major digital assets were mostly lower late afternoon Friday with Bitcoin (BTC/USD) trading close to $97,000. The CoinDesk Market Index, which tracks dozens of digital assets including Bitcoin, rose 0.1% in the past 24 hours. The Nasdaq 100 gained 1.6%, the S&P 500 was up 1.5%, and the Dow Jones Industrial Average increased 1.5%. Bitcoin rose 0.2% to $96,829, according to CoinMarketCap data. The most popular cryptocurrency's 24-hour trading volume fell 18% to $26.67 billion. Ethereum (ETH/USD), the second-largest digital asset by market value, decreased 0.7% to $1,838. XRP (XRP/USD) dropped 0.7%, BNB (BNB/USD) lost 0.3%, while Solana (SOL/USD) fell 1.5%. Dogecoin (DOGE/USD) fell 0.6%, and Cardano (ADA/USD) dropped 2.2%. The US 10-year Treasury yield stood at 4.318% at 3 p.m. ET Friday, up from 4.225% Thursday, while the five-year yield rose to 3.931% from 3.809%. The total market value of the cryptocurrency industry rose 0.1% in the past 24 hours to $3.01 trillion with trading volume falling 14% to $71.9 billion.