Top Cryptocurrencies Firmer; Bitcoin Holds Above $83,000 Level
Major digital assets were firmer late Friday afternoon, with Bitcoin (BTC/USD) holding above the $83,000 level. The CoinDesk Market Index, which tracks dozens of digital assets including Bitcoin, rose 4.8% in the past 24 hours. The Nasdaq 100 rose 2.1%, the S&P 500 added 1.9%, and the Dow Jones Industrial Average increased 1.7%. Bitcoin rose 5.2% to $83,771, according to CoinMarketCap data. The most popular cryptocurrency's 24-hour trading volume slumped 19% to $41.55 billion. Ethereum (ETH/USD), the second-largest digital asset by market value, increased 2.3% to $1,564. XRP (XRP/USD) added 4.1%, BNB (BNB/USD) rose 2.2%, and Solana (SOL/USD) surged 8.3%. Dogecoin (DOGE/USD) gained 3.4%, while Cardano (ADA/USD) soared 4.6%. The US 10-year Treasury yield stood at 4.490% at 3 p.m. ET Friday, up from 4.400% Thursday, while the five-year yield rose to 4.154% from 4.038%. The total market value of the cryptocurrency industry rose 4.9% in the past 24 hours to $2.64 trillion, with trading volume falling 20.5% to $92.98 billion.