Top Cryptocurrencies Firmer; Bitcoin Tops $86,000 Level

Major digital assets were firmer late Wednesday afternoon, with Bitcoin (BTC/USD) topping $86,000. The CoinDesk Market Index, which tracks dozens of digital assets including Bitcoin, rose 1.2% in the past 24 hours. The Nasdaq 100 rose 0.9%, the S&P 500 added 0.7%, and the Dow Jones Industrial Average increased 0.6%. Bitcoin rose 1.6% to $86,389, according to CoinMarketCap data. The most popular cryptocurrency's 24-hour trading volume surged 19.3% to $33.5 billion. Ethereum (ETH/USD), the second-largest digital asset by market value, increased 0.2% to $1,912. XRP (XRP/USD) added 0.6%, BNB (BNB/USD) fell 0.5%, and Solana (SOL/USD) surged 3.1%. Dogecoin (DOGE/USD) gained 0.9%, while Cardano (ADA/USD) was up 1.4%. The US 10-year Treasury yield stood at 4.194% at 3 p.m. ET Wednesday, up from 4.156% Tuesday, while the five-year yield rose to 3.951% from 3.906%. The total market value of the cryptocurrency industry rose 1.1% in the past 24 hours to $2.77 trillion, with trading volume rising 13.7% to $88.08 billion.