Top Cryptocurrencies Rise; Bitcoin Tops $111,000 Level

Major digital assets rose Thursday, with Bitcoin (BTC/USD) topping the $111,000 level. The CoinDesk Market Index, which tracks dozens of digital assets including Bitcoin, rose almost 4.9% in the past 24 hours. The Nasdaq 100 climbed 0.4% in late trading, the S&P 500 rose 0.1%, and the Dow Jones Industrial Average increased 0.1%. Bitcoin was up 2.6% at $111,180, according to CoinMarketCap data. The most popular cryptocurrency's 24-hour trading volume fell 0.9% to 74.93 billion. Ethereum (ETH/USD), the second-largest digital asset by market value, surged 4.9% to $2,633. XRP (XRP/USD) gained 1.7%, BNB (BNB/USD) rose 1.3%, and Solana (SOL/USD) climbed 4.3%. Dogecoin (DOGE/USD) was up 4.1%, and Cardano (ADA/USD) surged 5.6%. The US 10-year Treasury yield stood at 4.551% at 3 p.m. ET Thursday, down from 4.595% Wednesday, while the five-year yield declined to 4.111% from 4.153%. The total market value of the cryptocurrency industry rose 3.2% in the past 24 hours to $3.51 trillion, with trading volume up 2.6% to $171.59 billion.