Top Cryptocurrencies Firmer; Bitcoin Tops $98,000 Level
Major digital assets rose Friday, with Bitcoin (BTC/USD) crossing the $98,000 level. The CoinDesk Market Index, which tracks 126 digital assets, climbed 2.6% in the past 24 hours. The Nasdaq 100 was up 1.6% in late trading, while the S&P 500 and the Dow Jones Industrial Average climbed 1.2% and 0.8%, respectively. Bitcoin was up 0.9% at $98,372, with a 24-hour trading volume of $35.51 billion, down 23.5%, according to CoinMarketCap data. The most popular cryptocurrency was on track for a weekly rise of more than 4%. Ethereum (ETH/USD), the second-largest digital asset by market value, jumped 4.4% to $3,607, stretching its weekly gain to more than 8%. XRP (XRP/USD) gained 3.3%, while Solana (SOL/USD) advanced 4.2%. BNB (BNB/USD) added 0.9%. Dogecoin (DOGE/USD) surged 11.3%, and Cardano (ADA/USD) soared 16%. The US 10-year Treasury yield closed at 4.598%, up from Thursday's close of 4.573%, while the five-year yield rose to 4.412% from 4.378%. The total market value of the cryptocurrency industry increased 2.5% in the past 24 hours to $3.5 trillion, while the total 24-hour trading volume shrank nearly 9% to $120.21 billion.