Top Cryptocurrencies Rise; Bitcoin Holds Above $118,000 Level

Major digital assets rose late Friday, with Bitcoin (BTC/USD) holding above the $118,000 level.

The CoinDesk Market Index, which tracks dozens of digital assets including Bitcoin, rose 5% in the past 24 hours. The Nasdaq 100 dipped 0.2%, the S&P 500 fell 0.3%, and the Dow Jones Industrial Average decreased 0.6%.

Bitcoin was up 4% at $118,074, according to CoinMarketCap data. The most popular cryptocurrency's 24-hour trading volume surged 91% to $123.66 billion.

Ethereum (ETH/USD), the second-largest digital asset by market value, rose 6.9% to $3,004.

XRP (XRP/USD) gained 13.8%, BNB (BNB/USD) climbed 2.6%, Solana (SOL/USD) rose 3.3%, Dogecoin (DOGE/USD) advanced 14%, and Cardano (ADA/USD) climbed 13.9%.

The US 10-year Treasury yield stood at 4.421% at 3 p.m. ET Friday, up from 4.346% Thursday, while the five-year yield rose to 3.990% from 3.931%.

The total market value of the cryptocurrency industry rose 4.9% in the past 24 hours to $3.7 trillion, with trading volume up 71.8% to $262.41 billion.