Top Cryptocurrencies Rise; Bitcoin Trades Above $94,000 Level

MT Newswires Live

2024-12-31

Major digital assets were firmer Monday with Bitcoin (BTC-USD) trading above the $94,000 level.

The CoinDesk Market Index, which tracks 126 digital assets, rose 1.3% in the past 24 hours. The Nasdaq 100 and the S&P 500 were down 0.9% each in late trading, while the Dow Jones Industrial Average shed 0.7%.

Bitcoin climbed 0.7% to $94,277, with its 24-hour trading volume more than doubling to $54.56 billion, according to CoinMarketCap data.

Ethereum (ETH-USD), the second-largest digital asset by market value, was up 1.4% at $3,396.

XRP (XRP-USD) dipped 0.8%, while BNB (BNB-USD) gained 2.1% and Solana (SOL-USD) added 1.6%.

Dogecoin (DOGE-USD) was 1.8% higher and Cardano (ADA-USD) rose 1.5%.

The US 10-year Treasury yield closed at 4.543%, easing from Friday's close of 4.619%, while the five-year yield dropped to 4.37% from 4.537%.

The total market value of the cryptocurrency industry increased 0.9% in the past 24 hours to $3.3 trillion, while the total 24-hour trading volume surged 67.9% to $136.04 billion.

Price: 255.34, Change: -10.37, Percent Change: -3.90

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