Top Cryptocurrencies Rise; Bitcoin Tops $111,000
Major digital assets rose late Wednesday with Bitcoin (BTC/USD) topping $111,000. The CoinDesk Market Index, which tracks dozens of digital assets including Bitcoin, rose 1.5% in the past 24 hours. The Nasdaq 100 climbed 0.9%, the S&P 500 advanced 0.6%, and the Dow Jones Industrial Average increased 0.5%. Bitcoin gained 2.6% to $111,628, according to CoinMarketCap data. The most popular cryptocurrency's 24-hour trading volume rose 10% to $49.9 billion. Ethereum (ETH/USD), the second-largest digital asset by market value, rose 6.6% to $2,782. XRP (XRP/USD) gained 4.5%, BNB (BNB/USD) climbed 1.2%, Solana (SOL/USD) rose 3.5%, Dogecoin (DOGE/USD) advanced 3.4%, and Cardano (ADA/USD) climbed 5.4%. The US 10-year Treasury yield stood at 4.34% at 3 p.m. ET Wednesday, down from 4.413% Tuesday, while the five-year yield fell to 3.917% from 3.983%. The total market value of the cryptocurrency industry rose 2.7% in the past 24 hours to $3.46 trillion with trading volume up 13% to $114.23 billion.