Bitcoin price rose above the $102,000 level in a fresh rally that started in the New Year ahead of Donald Trump’s, U.S. President elect, inauguration. The bitcoin price has kept the momentum as demand heated up the crypto market.
The CoinDesk Market Index, which tracks 126 digital assets, rose 3.1%. The Nasdaq 100 was up 1%, and the S&P 500 advanced 0.5% in late trading, while the Dow Jones Industrial Average dipped 0.1%.
Bitcoin, the most popular cryptocurrency, jumped 3.9% to $102,014, with its 24-hour trading volume surging 147% to $49.88 billion, according to CoinMarketCap data.
Ethereum (ETH-USD), the second-largest digital asset by market value, was 1.3% higher at $3,677.
XRP (XRP-USD) was up 1%, while Solana (SOL-USD) added 2.7%, and BNB (BNB-USD) jumped 4.7%. Dogecoin (DOGE-USD) rose 1.9%, and Cardano (ADA-USD) gained 1.5%.
The US 10-year Treasury yield closed at 4.616%, up from Friday’s close of 4.598%, while the five-year yield rose to 4.421% from 4.412%.
The total market value of the cryptocurrency industry increased 3% in the past 24 hours to $3.6 trillion, while the total 24-hour trading volume surged 57% to $130.13 billion.
