Top Cryptocurrencies Rebound; Bitcoin Climbs Above $97,000

Major digital assets were rebounding late Monday with Bitcoin (BTC/USD) climbing above $97,000. The CoinDesk Market Index, which tracks 124 digital assets, gained 1.3% in the past 24 hours. The Nasdaq 100 was up 1% in late trading, while the S&P 500 and the Dow Jones Industrial Average gained 0.6% and 0.3%, respectively. Bitcoin advanced 1.2% to $97,458, according to CoinMarketCap data. The most popular cryptocurrency's 24-hour trading volume surged 86% to $43.56 billion. Ethereum (ETH/USD), the second-largest digital asset by market value, was 1.6% higher at $2,678. XRP (XRP/USD) and Solana (SOL/USD) each gained 0.8%, while BNB (BNB/USD) dropped 1.1%. Dogecoin (DOGE/USD) rose 1.5%, while Cardano (ADA/USD) jumped 2.8%. The US 10-year Treasury yield stood at 4.491% at 3 p.m. ET Monday, up from 4.485% Friday, while the five-year yield eased to 4.331% from 4.333%. The total market value of the cryptocurrency industry increased 1.1% in the past 24 hours to $3.19 trillion, while the 24-hour trading volume surged 56.7% to $115.65 billion.