Top Cryptocurrencies Rise; Bitcoin Jumps Above $97,000 Level

Major digital assets were higher late afternoon Wednesday with Bitcoin (BTC/USD) advancing above the $97,000 level. The CoinDesk Market Index, which tracks 124 digital assets, was up 2.3% in the past 24 hours. The Nasdaq 100 was edging 0.1% higher in late trading, while the S&P 500 and Dow Jones Industrial Average eased 0.4% and 0.7%, respectively. Bitcoin jumped 1.9% to $97,010, according to CoinMarketCap data. The most popular cryptocurrency's 24-hour trading volume surged 35.9% to $47.99 billion. Ethereum (ETH/USD), the second-largest digital asset by market value, rose 3% to $2,674. XRP (XRP/USD) gained 1.6%, BNB (BNB/USD) soared 11.8%, while Solana (SOL/USD) dipped 1%. Dogecoin (DOGE/USD) added 4.2%, while Cardano (ADA/USD) climbed 2%. The US 10-year Treasury yield stood at 4.635% at 3 p.m. ET Wednesday, up from 4.535% Tuesday, while the five-year yield rose to 4.48% from 4.37%. The total market value of the cryptocurrency industry increased 2.4% in the past 24 hours to $3.2 trillion, with the overall trading volume rising 22.7% to $124.23 billion.