Top Cryptocurrencies Rally; Bitcoin Nears Record High

Major digital assets rose Friday, with Bitcoin (BTC/USD) advancing toward its record high hit in December. The CoinDesk Market Index, which tracks 124 digital assets, jumped 4.3% in the past 24 hours. The Nasdaq 100 was up 1.7% in late trading, while the S&P 500 and the Dow Jones Industrial Average climbed 1.1% and 0.9%, respectively. Bitcoin was 4.4% higher at $104,951, stretching this week's gain to about 11% and rallying toward last month's all-time peak above $108,000, according to CoinMarketCap data. The most popular cryptocurrency's 24-hour trading volume surged 31% to $70.74 billion. Ethereum (ETH/USD), the second-largest digital asset by market value, was up 5.5% at $3,523 and on track for a weekly gain of nearly 8%. XRP (XRP/USD) dipped 1%, while Solana (SOL/USD) added 3.6%, and BNB (BNB/USD) gained 1.8%. Dogecoin (DOGE/USD) surged 8.8%, and Cardano (ADA/USD) rose 2.8%. The US 10-year Treasury yield closed at 4.609%, up from Thursday's close of 4.604%, while the five-year yield rose to 4.412% from 4.394%. The total market value of the cryptocurrency industry increased 3.9% in the past 24 hours to $3.68 trillion, while trading volume rose 4.1% to $167.63 billion.