Top Cryptocurrencies Rise; Bitcoin Tops $88,000 Level

Major digital assets rose late Monday afternoon, with Bitcoin (BTC/USD) topping $88,000. The CoinDesk Market Index, which tracks dozens of digital assets including Bitcoin, gained 4.4% in the past 24 hours. The Nasdaq 100 rose 2.1% in late trading, the S&P 500 climbed 1.7% and Dow Jones Industrial Average increased 1.4%. Bitcoin rose 3.7% at $88,191, according to CoinMarketCap data. The most popular cryptocurrency's 24-hour trading volume surged 166.5% to $31.8 billion. Ethereum (ETH/USD), the second-largest digital asset by market value, jumped 4.6% to $2,088. XRP (XRP/USD) surged 2.8%, BNB (BNB/USD) rose 2.1%, and Solana (SOL/USD) added 9.1%. Dogecoin (DOGE/USD) rose 8.9%, while Cardano (ADA/USD) advanced 5.1%. The US 10-year Treasury yield stood at 4.329% at 3 p.m. ET Monday, up from 4.250% Friday, while the five-year yield rose to 4.093% from 4.007%. The total market value of the cryptocurrency industry increased 3.6% in the past 24 hours to $2.88 trillion, with trading volume rising almost 75% at $85.9 billion.